BRUNSWICK COUNTY, NC (WECT) – Nestled between Black Friday and Cyber Monday is the second annual Small Business Saturday event, a day dedicated to supporting small businesses on one of the busiest shopping weekends of the year.
On Saturday, November 26, the Southport-Oak Island Area Chamber of Commerce is joining American Express and others across the nation to ask residents to shop at their favorite local small business to help fuel the economy.
Small businesses are critical to the nation’s overall economy. According to the U.S. Small Business Administration, there were nearly 28 million small businesses in the United States last year. Over the past two decades, they created 65 percent of net new jobs. Their importance to local communities extends even further. For every $100 spent in locally-owned, independent stores, $68 returns to the community through taxes, payroll and other expenditures, according to the small business advocacy group The 3/50 Project.