Held the day after Black Friday, Small Business Saturday has long been an unofficial day dedicated to supporting the millions of small businesses across the nation.
But a new bipartisan resolution that recognizes Nov. 25, 2017, the Saturday after Thanksgiving, as “Small Business Saturday, was announced Monday.
The resolution was sponsored by Senators Jim Risch, R-ID, and Jeanne Shaheen, D-NH, of the Senate Committee on Small Business and Entrepreneurship.
“Main Street America creates two out of every three new jobs in our country,” Risch said. “Small Business Saturday is an opportunity for all Americans to rally behind these local, independently owned businesses and support the entrepreneurs who keep our families employed. The Senate’s unanimous approval of our bipartisan resolution reinforces this institution’s full, unwavering commitment to our small business community.”
According to the resolution, there are 29 million small businesses that represent 99.9 percent of all firms in the United States and employs 47 percent of the workers in the private sector.
Further, the resolution states that small businesses constitute nearly 98 percent of firms exporting goods and generated more than 61 percent of net new jobs created between 1993 and 2016.
The resolution is designed to increase the awareness of the value of locally owned small businesses and their impact on the Unites States’ economy.
“Small businesses employ almost half our country’s workforce and make enormous economic and cultural contributions to our communities,” Shaheen said. “As the holiday season approaches, I encourage Americans to make a point of shopping and dining at local, independently owned businesses in New Hampshire and across the country. Even better, let’s support these small businesses all year long.”