With all the local marketplaces and events this time of year, those of us who are embedded in our community of local do-ers and movers don’t necessarily need an annual tradition boosted by a credit card company to remember the importance of supporting local economy. Still, Small Business Saturday is another one of those special days each year that we love, appreciate, and look forward to.
According to the National Retail Federation, about 164 million consumers are expected to shop on Black Friday in 2017. For the seventh year, Small Business Saturday plans to redirect some of those shoppers to local businesses across the country rather than big-box retailers. For every $100 spent at a local business, $43 stays in local economy, whereas only $13 stays in local economy if spent at a non-locally-owned business.