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Small Businesses, Impact!

Nora Turner

Created on April 14, 2026

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Transcript

BIG

Small Businesses, Impact!

Sourcing Local

Supporting Family Business

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Community connections

Economic Benefits

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Get in touch

Spreading culture

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Community Connections

Community connection is greatly influenced by small businesses. They often focus more on customer connections/trust and giving back to the community. Rather than big franchises that are just a logo to most. Furthermore, they serve as gathering places for local events, fostering partnerships between neighbors and businesses. Small businesses define a communities identity and connection.

Sourcing Local

Small Businesses often source their products locally. This method of sourcing is sustainable and reduces the environmental effects caused by transportation from big business out-sourcing. This local sourcing also often leads to stronger communal connections within businesses and a boosted local economy as relationships are strengthened through partnerships.

Economic Impact:

Small businesses benefit local and national economies in several ways. It is estimated that for every $100 spent at a local business 68% of that stays within the local economy rather than the estimated 48% at a large corporation. U.S. Small businesses also contribute 44% of the U.S. gross domestic product (GDP), signifying increased incomes and lower unemployment.

Supporting families:

Roughly 19% to over a quarter of all small businesses are family-owned. Supporting family owned businesses ensures generational support and keeps wealth within the local community. Family owned businesses generally provide more customer care and support, compared to big industries worried about making profit. Focusing instead on Establishing connections within the community.

Get in touch:

Finding local small businesses is just a search away in today's digital world. Apps such as facebook, yelp, and tiktok help businesses reach out to locals all over the country. Local markets such as Soda City in downtown Columbia, SC host many small businesses every weekend aswell.

Spreading Culture

Small businesses play a primary role in a community's heritage and culture. Local shops provide consumers with easy access to goods and products rooted in their hertitage and religious identity. Whether it's food, clothing, art or religious artifacts, these businesses provide a cultural safe haven within a community, allowing those to showcase their crafts and traditions to others.