Washington, DC joins other cities to celebrate and support local and small business
The Department of Small and Local Business Development (DSLBD) encourages District residents to celebrate “Small Business Saturday,” a national initiative to support local, small, independently-owned businesses that create jobs, boost the economy and preserve neighborhoods around the country.
“DC small businesses are the economic engine that drives our local economy, sustains our communities, and employs thousands of District of Columbia residents,” said DSLBD Acting Director Harold Pettigrew.“ I encourage the people of the District of Columbia to join us in supporting business owners, entrepreneurs, and innovators of all kinds who have persevered through difficult economic times and continued to be at the heart of our economic recovery."
Small business success is critical to the nation's overall economy. According to the US Small Business Administration, there were nearly 28 million small businesses in the United States last year, and over the past two decades, they've created 65 percent of net new jobs. Their importance to local communities extends even further. For every $100 spent in locally-owned, independent stores, $68 returns to the community through taxes, payroll and other expenditures, according to the small business advocacy group The 350 Project.
This year, “Small Business Saturday” is designated as Saturday, November 26, 2011. Join us as we reaffirm our commitment to sustainable job creation, innovation and economic opportunity by supporting your favorite small businesses right here in the District.