City of Peoria Press Release
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Shop, Celebrate Small Businesses Saturday, Nov. 26
Small businesses generated 64 percent of net new jobs over past 15 years
11/22/2011
Small Business Saturday (Nov. 26) is a national push
to encourage people to “shop small” in an effort to support and celebrate the
role of small businesses in the economy. According to the Small Business
Administration, small businesses generated 64 percent of net new jobs over the
past 15 years and employ just over half of all private sector employees. Local
governments in Arizona are also quick to point out that dollars spent locally
generate sales tax that supports the municipal services that residents count on,
like police and fire protection, transportation, recreation programs and
libraries. Local First Arizona, a non-profit organization that supports and
promotes local businesses in Arizona, reports that when money is spent at
locally owned businesses, that money is re-circulated over and over and creates
up to 75 percent more tax revenue to the community and state. More information
about the campaign is available at
www.smallbusinesssaturday.com/
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