Nov
24

Shop Small Stores This Saturday

November 24, 2011

Before Thanksgiving even comes to a close, Illinois residents turn their attention to the next big holiday, and it’s a shopping one. How about spending your money locally this year?

Forget dealing with the crowds on “Black Friday.” Instead, shop one of the more than 500,000 small businesses in our state on Saturday, November 26, which has been declared “Small Business Saturday” in Illinois.

“Thanksgiving weekend traditionally serves as the kick-off for the holiday shopping season, and we want all Illinois businesses to have a strong showing,” said Illinois Governor Pat Quinn.

“I encourage people throughout Illinois to use this time to show their support for local merchants that contribute to our local economies, putting people to work and keeping our economy moving forward.”

Chicago Real Estate Forum has talked about the benefits of shopping small stores before: For every $100 spent in locally owned, independent stores, $68 goes back to the community through taxes, payroll and other expenditures.

When you shop at a big chain store, the amount that goes back into the local community goes down to about $43. Shop online, and none of it comes home.

Small businesses are critical to Illinois’ and the nation’s overall economy. According to the U.S. Small Business Administration, there are approximately 28 million small businesses in the United States, which have created 65 percent of new jobs over the past two decades.

“If every Illinois small business was able to create one new job, we’d lower the unemployment rate five points,” said Warren Ribley, Director of the Department of Commerce and Economic Opportunity.

“‘Small Business Saturday’ continues our efforts to boost locally-owned businesses throughout Illinois by giving them the tools and support they need to succeed and grow.”

Categories: Economy

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