Local economies are driven by small business. The vast majority of existing local businesses are small. Small businesses create local jobs, increases local taxpayers, and improve the quality of life for local residents. Business firms with fewer than 20 employees are the main source of job creation in the economy.
As a result, the support of small businesses and entrepreneurs has become an important economic development agenda item. Small businesses play a fundamental role in local communities and their economies. They affect local competitiveness, diversify economic base, and stimulate economic development. Specifically, small businesses serve as:
Employers - creating new jobs.
Tax Revenue Generators - generating greater property and income tax revenues.
Economic Supporters - buying and supplying local products and services.
Community Supporters - donating to worthy causes, buying cookies, ads in yearbooks, contributing merchandise.
Provide Economic Stability - small, homegrown firms are operated by people who have a personal stake in the community and are thus more likely to remain here.
Let us all take time to recognize and patronize our local businesses. Our support of them will come full circle to benefit ourselves.
To assist small businesses and help those who are considering starting a small business, there will be a Small Business Resource Forum held on Tuesday, March 1 from 9 am to 11:30 am at the Prairie Lakes Area Education Agency in Storm Lake.
USDA Rural Development, SCORE, SBA and the Small Business Development Centers are sponsoring the event. If you want to find out about the assistance that is available please plan to attend. You can call our office for more information at 225-5739.