The City of Salem, Virginia is proud to proclaim November 25, 2023 as Small Business Saturday. We celebrate local small businesses and their significant contributions to the local economy and community. According to the U.S. Small Business Administration, small businesses account for 99.7% of firms with paid employees in the United States, responsible for 62.7% of net new jobs created since 1995, and employ 46.4% of employees in the private sector.
Moreover, every dollar spent at small businesses in the United States stays within the local community and creates an additional 48 cents in local business activity due to employees and other small businesses purchasing goods and services locally. In addition to supporting these businesses financially, consumers reported that Small Business Saturday made them want to shop at small independently-owned retailers and restaurants all year long in a survey conducted by advocacy groups across the country.
The City of Salem supports local businesses that create jobs, boost the economy, and preserve communities. By shopping at small businesses on Small Business Saturday and throughout the year, residents can help strengthen their communities while benefiting from unique products and exceptional customer service offered by independent merchants. We urge our community members to support these essential enterprises on this special day dedicated to promoting small business ownership and growth in America.