(May 4, 2015) - The Small Business Administration says the week is an opportunity to celebrate small companies all across the country.
More than half of all Americans either own, or work, for a small business.
Small Business Week is sponsored by the U.S. Small Business Administration and runs through Friday.
The agency hopes that people will celebrate small businesses in their area this week by paying them a visit.
Shopping and dining locally has a positive impact on the local economy.
“Sometimes we think about the corporations and how important they are, and indeed they are but today small businesses are the ones that are creating two out of three net new jobs,” said Maria Contreras-Sweet, Administrator for the U.S. Small Business Administration said.
The Small Business Administration is flexible with its definition of a small business, depending on the industry the company serves.
Typically, the agency defines a “small business” as a company with 200 or fewer employees.
The timing of Small Business Week is strategic.
Mother’s and Father’s Day are coming up and graduation season starts later this month.
Shoppers are encouraged to think of moms, dads, and grads when visiting local businesses this week.