NYC Small Business Commissioner on Small Business Saturday and Local Economic Impact

The Importance of Small Business Saturday

• 🗓️ National Small Business Saturday falls on November 29th, emphasizing the critical role of shopping local during the holiday season.
• 💰 Small businesses often rely on the holiday season for a significant portion of their annual revenue, representing 25% to 33%.
• 🛍️ Supporting these businesses means acknowledging their efforts in stocking products and creating amazing shopping experiences.

Economic Impact on Local Communities

• 🏘️ Approximately 70% of every dollar spent at small businesses stays within the local community, compared to about 50% at big box stores.
• 🧑‍💼 Small businesses are significant employers, providing about half of the jobs for New Yorkers across the city.
• 🔗 Local spending circulates within the community, supporting other local businesses and service providers.

Resources for Shoppers and Businesses

• 🗺️ The Shop Your City website (nyc.gov/shopyourcity) helps users explore over 130,000 small businesses with commercial storefronts in NYC.
• 🔍 Users can search for specific services or retailers by neighborhood to find products they want.
• 🚀 NYC Business Express Service Team (BEST) has assisted over 8,500 businesses since 2022, saving them an estimated $60 million by streamlining the process of opening and operating.
• ✅ Business owners can connect with NYC BEST for support at nyc.gov/nycb.