Bigger doesn’t always mean better. The saying rings true, especially when it comes to small businesses. At TBK Bank, SSB, we honor the hard work, innovation and dedication of entrepreneurs and small business owners across America. We may even be celebrating, you!
Let’s face it, we have a lot of reasons to celebrate!
We owe a huge thank you to the 28 million small businesses for accounting for 54% of all United States sales. They provide 55% of all jobs and 66% of all net jobs since the 1970s. Those small but mighty powerhouses have increased 49% since 1982, adding 8 million jobs since 1990. That’s a lot of people thinking small and dreaming big! More than 50% of those working in the U.S. either own or work for a small business and statistics say that’s not going to stop anytime soon. Americans are starting approximately 543,000 new businesses each and every month.
We’ll name a few more reasons to celebrate:
- Small businesses are driving both job growth and innovation by producing more than 16 times more patents per employees than large companies. That’s improving the quality of life for Americans through transformative products and services!
- Small businesses promote healthier and more sustainable For every $100 spent in small businesses, $68 returns to the local economy. Studies also show communities with more small businesses have lower rates of mortality, obesity and diabetes.
- They’re thinking green, too! Over 70% of small businesses are trying to adopt eco-friendly business models and sustainable practices.
- Small businesses are diverse. Studies show one out of ten immigrant workers owns a small business.
We could list hundreds of reasons we think small businesses are the best, but we’ll spare you! If you’re one of the 50% of people in the U.S who works for a small business, pat yourself on the back! Your hard work is greatly appreciated by everyone in your community.
We couldn’t imagine a better way to celebrate small businesses than to celebrate with loyal customers like you!