- Advertisement -
Home Business 10 Ways Small businesses are important to local communities

10 Ways Small businesses are important to local communities

- Advertisement -

Small businesses generate new jobs and employ more than half of the working class in the World, they’re also beneficial to the local community.

Here are 10 ways that small businesses make a profound local impact:

1. Community Identity

Take a stroll down Main Street and you’ll likely notice that your community has its own unique character and charm. From the mom-and-pop shop, the local CPA and dog grooming business, to an antique emporium, coffee shop, yoga studio and beyond, small businesses contribute to a community’s identity. Many municipalities and tourism boards have prioritized preserving the community’s unique character – transforming that character into an advantage.

2. Local Involvement

Small business owners are an integral part of the communities in which they live and work. Thus, they tend to be cognizant of how their decisions may impact their neighbors. In addition, local small business owners tend to be involved in the community. For instance, they may sponsor local Little League teams, donate to the city’s homeless shelter, or participate in community charity events.


3. Community Health

In addition to contributing to the local community’s unique identity and being involved locally, small business owners help to build a sense of community. Their businesses tend to be people businesses. Small business owners tend to build relationships with their customers, knowing many of them by name. Many small business owners band together, forming casual or formal relationships, such as a merchant’s association. As foot traffic to one business increases, other nearby businesses may benefit through increased exposure or referrals.

4. Pedestrian and Environmental Attributes

Pedestrian-friendly town centers have their own unique vibe — and potential environmental benefits. For example, small businesses clustered near residential areas may reduce automobile use, resulting in better air quality and less urban sprawl.

5. Increasing the Tax Base

When local residents shop at small businesses within their communities, their tax dollars stay within the local economy, helping to improve their community as a result. Likewise, local small businesses tend to buy locally as well, pumping more of their profits back into the community than their chain store counterparts.


6. Local Jobs

Small businesses are job creators, and most of those jobs are local jobs. Rather than having to commute to another city, employees work closer to home. Not only does this reduce traffic congestion, but supporting local businesses also supports your fellow community members who work at them.

7. Entrepreneurship

Small businesses are the product of the business owner’s entrepreneurial spirit. By starting a small business, the business owner is taking charge of his or her future. Entrepreneurship fuels America’s economic innovation and prosperity and serves as a key means for families to move out of low-wage jobs and into the middle class.


8. Innovation and Competition

Small businesses, like any business, need to stand out from the crowd in order to survive. They must serve a legitimate need in the community and do it better than their competitors. Having multiple small businesses all striving to be unique, innovative, and better can result in a healthy marketplace and well-served consumers.

9. Less Infrastructure and Low Maintenance

Compared to shopping malls and chain stores, local shops tend to require fewer public services and less infrastructure. While a new music store owner may require a business license and occupancy permit, the process of opening a shop is much less demanding on the city planning department than building a new department store would be.


10. Diverse, Locally Made Products and Services

One-of-a-kind and locally made products can attract customers to the community, bolstering tourism and contributing to the local flavor of the community. Locally made goods are also attractive to local residents who want to minimize their carbon footprints, support local businesses, and keep their tax dollars close to home.

importance of small businesses to local communities These are just a few of the ways that small businesses are important to local communities. So next time you’re considering heading to a large chain store, don’t forget the importance of shopping small and helping local businesses take back main street!

Article Written by Paul Nugent is a small business advocate

- Advertisement -
- Advertisement -

Must Read

SIGNO: India’s first launched AI-Driven Blue Collar sourcing in 60 seconds

As termed as a developing market economy, India is trying its best to cover all the aspects it needs to have so as to...
- Advertisement -

Should A Robot Mop Be The Next Addition To Your Smart Home?

Cleaning is a task that everyone can do without; it takes time out of your day and uses up energy that could be put...

Is Now the Time to Consolidate Your Debt?

Interest rates hit a new low, which has led many to consider consolidating their credit card debt to save money. However, each person must...

How to Start an Online Store with No Money?

Online shopping is catching up faster over a decade because it allows customers to order a variety of products easily. It provides opportunities for...

Related Category Posts

The Top 11 Most Famous Scientists of Today      

We all know some of the most famous scientists, from Albert Einstein to Steven Hawkings. Do you know who the most prominent scientists today,...

Find the Right Car Collision Lawyer that Will Fight for You

There are, on average, 6 million car accidents in the US every year. Many of these will be minor and require only minor cost reparation afterward,...

What are the 7 steps of the strategic management process in HRM?

Human resource management, shortly known as HRM, involves a variety of tasks that enables a company to accomplish its goals. A strategic management process...

Characteristics of Successful Startup Founders and Entrepreneurs

Introduction Startups have emerged as businesses that provide low-cost and unique products to the customers. They are flexible and can provide innovative and cost-effective...

From Desktop to Mobile: The Transformation of the Casino Industry

In the last decade, the casino industry has undergone a myriad of changes. It used to be so that playing a couple of rounds...
- Advertisement -


Please enter your comment!
Please enter your name here

Select Language »