El Paso small businesses are the cornerstone of our community. It is no secret that when these businesses succeed, our local economy is stronger. What better time to honor our economic heroes than on Small Business Saturday, Nov. 26?
Small businesses represent dynamic demographics encompassing everyone, from your delicious, unique mom-and-pop coffee shops, restaurants and bakeries to your neighborhood specialty boutiques or traditional manufacturers. Supporting El Paso small businesses is not just for the owner, but for the employees and the charities that small businesses support as well. Whether it’s a holiday bonus for employees or a donation to an El Paso food bank, just know that your purchase on Small Business Saturday has the potential to impact so many during this holiday season.
Join the conversation on social media, using the hashtag #SmallBizSat, #ShopSmall and #DineSmall to amplify your support. If you find a great small business retailer with unique products, Tweet or Facebook your find so others can enjoy it too. Among those who shopped on Small Business Saturday, 81 percent helped spread the word by encouraging family and friends.
This past fiscal year, SBA loans to El Paso District small businesses increased 20 percent, which helped to create or retain a total of 1,592 local jobs. SBA loans to small businesses in the food industry increased by 33 percent locally, while the El Paso retail industry saw an 80 percent growth in SBA loans.
Join me in supporting and driving Small Business Saturday until the sun goes down. And remember that “shop small” refers to whom you buy from, and not how much you buy!