![]() They attract tourists and make locals proud of where they live. Think about it like this – if you’re walking down the streets of downtown or the city center, the ensemble of restaurants, coffee shops, and boutiques create the unique ambiance and charm of your city. Likewise, these businesses become part of the local landscape. They reflect the communities from which they come – having been founded by local entrepreneurs and maintained by local employees, small businesses are a portrait of the local area. They build community identityĪnother one of the ways small businesses benefit the community is they become representatives of their community. Conversely, taxes paid to big corporations, or when shopping online, may not stay within the local circuit. Taxes paid to small businesses, and the local taxes paid by small businesses, end up paying for community improvements such as schools, green space, public transit, and health care. Likewise, one of the ways small businesses benefit the community is the taxes wind up back in the community. The salaries they make as business owners return to the communities from which they came – encouraging economic growth. Owners of small businesses tend to eat at local restaurants and shop at local retailers, and often encourage their friends and family to adopt the same attitude. Similarly, small business owners themselves tend to shop locally as well, as a way to encourage others around them to do the same. Small businesses tend to outsource with other local businesses – for example, if a local coffee shop wants to find a graphic designer to create a new logo for their business, or if a local retailer needs to invest in some renovations, those small companies are more likely to seek out another small business in their local area instead of going with a large company. When customers patronize a local business, most of the money they spend will end up circulating back into the local community. They get more money circulating in the local economy ![]() Clearly, one of the most important ways small businesses benefit the community is by creating job growth and providing locals with job opportunities – an overall positive in terms of a healthy economy and a happy community. Likewise, according to Fundera, small businesses account for 64% of new jobs in the United States. So here’s a little boost – here are 7 ways your small business is helping your local community.Īccording to the Government of Canada, small businesses employed 8.4 million Canadians, or 69.9% of the labor force. As a small business ourselves, we know sometimes the struggle to compete with the big brands and to stand out among the crowd can seem almost impossible. There are so many ways small businesses benefit the community they create jobs for locals, they encourage economic growth, they lessen the environmental impact – just to name a few. ![]() Some say that small businesses are the backbone of our country. ![]()
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