Small Business Saturday poised for powerful impact as SBA rallies Americans to shop local
After many Americans go big for Thanksgiving and Black Friday, the Saturday that follows has become the moment to shop small. Observed annually during the first weekend after Thanksgiving, Small Business Saturday encourages consumers to redirect some of their holiday spending toward small businesses — the backbone of the U.S. economy. "With the economy rebounding from forty-year high inflation, there’s never been a better time to shop small in support of local businesses," Small Business Administration (SBA) Administrator Kelly Loeffler said in a statement. Small businesses employ roughly half of the private-sector workforce and generate nearly half of U.S. GDP, Loeffler noted. FILE PHOTO: Small business owners are pictured outside their store. Small businesses employ roughly half of the private-sector workforce and generate nearly half of U.S. GDP. (iStock) "When we as consumers take part in Small Business Saturday, we’re investing in the workers and job c...