Christmas, the recession and how supporting small businesses will help our economy

You hear it everywhere, our economy is down, we are in a recession and everybody is feeling it. My husband has had his own small business for 10 years as a Service provider for large national chains, local restaurants and businesses. He had one, loyal sub-contractor for those 10 years. In 2008, my husband’s revenue shrank 70% and he couldn’t afford to hire his sub-contractor as regularly as all the prior years as he is struggling to stay in business. Small businesses drive the American economy. Research shows that small businesses represent 99.7 percent of all firms, they create more than half of the private non-farm gross domestic product, and they create 60 to 80 percent of the net new jobs. Unfortunately they are also the most vulnerable in our economy. If you have a job with a regular paycheck you feel the financial burden of our economy as well, but you can still get by if you cut your spending. A small business owner will have to let go employees and may cause another family to lose their home.

Please consider this when you are rushing out to get your Christmas shopping done. By supporting your local businesses you can help our country to get back on its feet. Try to buy US made products wherever possible and purchase locally grown food. Thank you.

If you are in Georgia, check out Southeast Green’s Green Holiday Gift Guide http://www.southeastgreen.com/index.php?option=com_content&view=category&layout=blog&id=60&Itemid=73

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: