Economic Development Partnerships

Small businesses have long been seen as a benefit to local economies, but why is that?

Small businesses help boost a community’s broader economy in several concrete ways:

• Job Creation
• Innovation
• Opportunities for youth, veterans, retirees, and families from every background
• Tax Revenue for Government to Pay for Public Services

American small businesses create nearly two-thirds of American jobs and generate
nearl half of the country’s economic output.

When a local community has a robust network of small businesses, it creates opportunities for other individuals, and this is how businesses and communities thrive together and co-create sustainability for long-term resiliency.