By Leigh Ann Towne (via WKAR)
The day after Black Friday is known as Small Business Saturday, a chance for Mid-Michigan residents to show some love to hometown stores that have fewer than 500 people.
In Michigan, we have one million small businesses, according to Sarah Miller, Vice President of Operations with the Small Business Association of Michigan(SBAM). In fact, she points out that 50 percent of the state’s employment is due to these types of places.
Miller said they survey SABM members regularly and recent results have shown a few areas of concern: healthcare affordability, inflation, cost pressures and economic uncertainty.
Many of us should have the mindset to shop small, all year round. Miller added that for every $100 spent locally, at least $68 stays in that community. Spending that same $100 in a box store or on Amazon, means only about $43 stays local.
