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National Mom and Pop Business Owners Day is coming up on March 29th and is a holiday that recognizes the critical role that small businesses play in the economy. Join in on this year’s holiday by supporting a small business in Prescott Valley and the surrounding communities to show them just how important they are.
Some fun facts about small business in the country from the U.S. Small Business Administration (SBA) Office of Advocacy:
- Small businesses truly are small. While small businesses are defined as having fewer than 500 employees, firms with fewer than 100 employees have the largest share of small business employment.
- Small businesses employ a lot of people. In fact, according to the Small Business Administration, small companies employed 59.9 million people, or 47.3% of the private workforce, in 2016.
- There are a lot of small businesses. According to the SBA, there are 30.7 million small businesses which makes up 99.9% of businesses in the United States.
Foothills Bank – loves National Mom and Pop Business Owner Day! With more than 30 million small businesses in the country, Foothills Bank recognizes and appreciates the long hours, hard work, and dedication it takes to run that business.
Mom and pop business owners build relationships with their customers and their communities. Small businesses have an impact on the local economy by providing neighborhood jobs, reinvesting in their communities, and supporting local non-profits. Show your support by shopping local in a small business!