By U.S Small Business Administrator Isabella Casillas Guzman
Last week, ahead of Small Business Saturday, I stopped by Lee’s Flowers on historic U Street in Washington, D.C. – the oldest Black-owned florist in the city. During my visit, I picked up a beautiful floral arrangement and joined millions of Americans who shopped small this weekend to support our local economies.
Together, we contributed a record $23.3 billion to Main Street businesses across the nation – which was a more than $4 billion increase over last year’s Small Business Saturday. Every time we choose to shop small, dine small or entertain small we’re helping to power America’s greatest economic engine.
Northam to remove Lee statue pedestal, transfer land to city
Small businesses create two-thirds of net new jobs and generate more than 40% of our economic output. With their creativity and grit, they define our neighborhoods and build thriving communities in every corner of our nation. At the U.S. Small Business Administration (SBA), we’re working to nurture their economic potential to deliver an equitable and sustainable economic recovery.
Under the leadership of President Joe Biden, we’ve partnered across the federal government to take “shopping small” to a whole new level by transforming how the U.S. government—the world’s largest buyer—spends billions of America’s tax dollars on goods and services each year.
An equitable federal procurement strategy that prioritizes small, disadvantaged businesses will help level the playing field and rebuild our economy from the bottom up and the middle out.
Source: Liberty, Justice and Contracting Opportunities for All Our Entrepreneurs and Innovators
