Jersey City Declares Small Business Saturday As Part of Shop Jersey City, Buy Local Campaign

Jersey City Declares Small Business Saturday As Part of Shop Jersey City, Buy Local Campaign
Its not all about Amazon: Local businesses gear up for Small Business Saturday
While Black Friday (and Thursday) may be all about the large retailers, the Saturday after Thanksgiving has become a day for small retailers. This year, Small Business Saturday will take place this Saturday, Nov. 24. This is the ninth year for Small Business Saturday, which was founded by American Express.

Shoppers are encouraged to use the hashtags #ShopSmall and #SmallBizSat on social media and also can RSVP on the Small Business Saturday Facebook page.

Taking over the block is Belmont Heights-based store, Prism Boutique, for its 3rd annual Shop Local Holiday Block Party. Expect food and drink from Long Beach-based independent makers Gusto Bread, Fine Feathers Kombucha Co. (who are offering specials at their own location) and Caffeinated Kitchen; browse handmade jewelry, wall hangings and other home accessories and take in the artful arrangements of Crimson Floral Co. For more info and all the local outfits participating, visit the event page here.

American Express says that more than 6,700 small business owners, individuals, and community organizations have pledged to be Neighborhood Champions this year, committing to host events and activities on Small Business Saturday. Neighborhood Champions are listed on American Express website, which includes some businesses in the Harrisburg area.

Now in its ninth year, Small Business Saturday was created by American Express (AXP) in 2010 to support struggling business owners after the 2008 recession. According to Amex, this #shopsmall movement has resulted in a total of $85 billion spent over the past eight years at independent retailers and restaurants across the country. Over a hundred million Americans shopped small each of the past two years, growing over 44% from just over 74 million shoppers in 2014.

In addition to incentives like store discounts and special promotions, some states, like New Mexico, offer tax-free shopping. Many communities will also host fun activities and festivals for families to encourage support of local business. And this year, more than 7,500 neighborhood champions or local retailers and nonprofit community groups are expected to participate in the initiative.

Shopping local is not only good small-business owners, but for your community as well. According to the research firm Civic Economics, for every $100 you spend at a local business, $68 stays in your community. Thats compared to $43 if you shopped at a chain retailer. Shopping small also encourages job creation: 57 jobs are created for every $10 million spent at small businesses, compared to just 14 jobs for every $10 million spent at Amazon, according to the Business Alliance for Local Living Economies.

The U.S. has 30.2 million small business, and 58.9 million small-business employees. But the small-business sector has faced challenges as online retail dominates and the cost of real estate soars. According to American Express, 90% of consumers surveyed said Small Business Saturday has had a positive impact on their community. If you want to support local businesses in your community, find out where you can shop in your area here.

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