NOVEMBER 22, 2020
SHOPPING SMALL MATTERS
Small businesses suffered extensively due to the COVID-19 crisis. Of these businesses, 1.8% had to permanently close from expense cuts, additional debt, and bankruptcy. The good news is that the negative impact of the pandemic on small businesses is weakening. Small businesses are adjusting to the different climate by making the necessary changes. Project Retail was created as an effort to help this issue. With the goal of assisting local retailers by empowering consumers to shop with them in a streamlined and modern way, PR is taking a step towards reviving the small business world!
BUT WHY DOES IT MATTER?
According to Forbes, “Small businesses generate three-fifths of net new jobs, driving a big share of US employment growth. In total, small businesses employ 58 million or 47.8% of all private-sector employees”. These numbers are large - to say the least! Small businesses create a massive number of jobs and are a vital part of our economy. But that's not all. Small businesses are extremely unique in that they are community based. Not only are these businesses suppliers and consumers to the broader economy, they play a massive role in local communities. By creating jobs for neighbors, offering unique products and services, and generating local revenue back into local communities - small businesses make a huge difference. Additionally, they recognize and emphasize; entrepreneurs, innovation, and creativity. One of the aspects of small businesses that we love the most here at PR is that they create an immense amount of opportunities for women - GRL PWR!! These are all of the reasons why shopping small matters - and YOU can support these businesses, too!
WHAT CAN I DO TO HELP?
There are SO many ways to support small businesses. You can sign up for subscription services, buy books from online stores, purchase gift cards - the list is endless! One of our favorite ways to support small businesses at PR is gathering our work-from-home supplies from e-commerce stores - can you say PR loungewear?!
Something as easy as spreading the word can make a HUGE difference! Share your favorite small businesses with your friends, family and colleagues. Be sure to share Project Retail too, and of course - SHOP SMALL this holiday season!