Search results
Results From The WOW.Com Content Network
When the local economy is strong, it contributes to the larger, broader economy in a positive way. ... “One of the best ways we can support small businesses is to encourage our philanthropists ...
U.S. Chamber of Commerce CEO Suzanne Clark delivered a "State of American Business" address that spotlighted small businesses and how all businesses have a local impact.
According to the U.S. Small Business Administration, small businesses create over 66% of net new jobs. A new report also shows that small businesses account for 44% of total U.S. economic activity.
Small business proprietors tend to be in closer personal contact with their customers and clients than large corporations, as small business owners see their customers in person each week. One study showed that small, local businesses are better for a local economy than the introduction of new chain stores.
According to the Small Business Administration, a microenterprise or microbusiness is defined as a business with 1-9 employees. They are the most common type of business. As a subcategory of small businesses, with sales and assets valued at less than $250,000 per year, they generally have less than five employees, including the owner.
The notion of community business is linked to the notion of community ownership, and more widely co-operative models of ownership.. In his History of Community Asset Ownership, [1] Steve Wyler argues that community ownership represents a strain of English socio-political thoughts and activism that can be traced back to the progressive removal of common land from the Norman Conquest and ...
Small businesses have generated 12.9 million net new jobs over the past 25 years, which accounts for two-thirds of the jobs added to the economy, according to the U.S. Small Business Administration.
"Local-economy theory" introduces insights into new economic development that honours ecological realities and finds efficiencies in small-scale, shared knowledge at the community level. [3] Community-based economies have been seen to focus on the idea that the “local community should be the focal point of development”.