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NEWS RELEASE: SBA Believes in the Importance of Small Business Saturday

Michigan Business Network
November 29, 2019 5:00 PM

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More than 870,000 businesses in Michigan are small and they are the engine of our state’s economy. Celebrated each year on the Saturday after Thanksgiving, Small Business Saturday encourages consumers to impact their local economies by supporting a small business and acknowledge those who create two of every three jobs, deliver essential goods and services across the nation 365 days a year, and enrich our communities.

Since 2011, the U.S. Small Business Administration has been a formal cosponsor of Small Business Saturday, which was founded by American Express the year prior. As the voice for small business in the Federal government, SBA has marshaled support for shopping small on Small Business Saturday by providing counseling services, hosting promotional events, and raising awareness about the activity through its 68 district offices around the country.

This year the SBA Michigan District Office participated in three Small Business Saturday walking tours throughout Michigan. We met with business owners, promoted services some have received from SBA and stressed the importance of small businesses to the community, the economy and during the holiday season.

In 2018, Small Business Saturday total reported spending among U.S. consumers who said they shopped at independent retailers and restaurants reached a record high of an estimated $17.8 billion. A continued strong showing of support across the country was shown in 2019 with more than 100 million nationwide consumers shopping small on Small Business Saturday.

In between the big box holidays of Black Friday and Cyber Monday, Small Business Saturday was created to help independent businesses capture a larger piece of the critical holiday season spend, while also rallying around a moment – a nationally recognized Day – to celebrate the incredible contributions that these businesses make to their local communities and to the American economy.

On the 10th annual Small Business Saturday, shoppers can join in by getting out and shopping small, showing their love for the places in their communities they call their own. Plus, Small Business Saturday is a great time to discover someplace new!

For more information, visit www.sba.gov/saturday.


About the U.S. Small Business Administration
The U.S. Small Business Administration makes the American dream of business ownership a reality.  As the only go-to resource and voice for small businesses backed by the strength of the federal government, the SBA empowers entrepreneurs and small business owners with the resources and support they need to start, grow or expand their businesses, or recover from a declared disaster.

It delivers services through an extensive network of SBA field offices and partnerships with public and private organizations. To learn more, visit www.sba.gov.

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Michigan Business Network is an online broadcasting company that provides knowledge, news, and insights into Michigan’s businesses, industries, and economy.