Support Ohio Small BusinessesSupporting small businesses in Ohio is not just a matter of local pride; it's a vital component of the state's economy. Small businesses represent a staggering 99.6% of all businesses in Ohio, according to the U.S. Small Business Administration. They play a crucial role in creating jobs, with Ohio's 965,000 small businesses employing 2.2 million people, which is about 45% of the state's private workforce. When you shop local, nearly 68% of every dollar spent stays in the community, a stark contrast to only 43% when shopping non-locally. This reinvestment powers economic growth, fosters innovation, and preserves the unique character of Ohio's diverse communities.
Moreover, Ohio small businesses serve as the backbone of their communities. They provide essential goods and services, contribute to local tax bases, and are often the first to respond to the needs of the community, such as through donations to local charities or sponsorship of youth sports teams. Small businesses drive competition and variety, thus offering consumers choices outside of the mainstream big-box retailers. During challenging economic times, the agility and resilience of small businesses are crucial; they often can adapt and pivot more rapidly than larger enterprises. Supporting them not only helps to sustain the local economy but also ensures a dynamic marketplace brimming with innovation and competition. |
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