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Small businesses are the engine of our economy in the Lynchburg region. There are many positive impacts of small business on our regional economy: Small businesses are more likely to utilize other local businesses such as banks, service providers, and farms; for every $100 you spend at small businesses, $68 will stay in the community; and more than half of Americans either own or work for a small business, and they create about two out of every three new jobs in the U.S. each year.
There are far-reaching implications to deciding to “shop local, and source local.”
By supporting local small businesses, you are in turn supporting your local economy and your neighbors who care about and are invested in the well-being of your community and its future. You can discover some great products and services while helping to build a strong and successful community around you.
We love our region’s small businesses, and we want to share that with you 52 weeks of the year, but especially this week of April 29 to May 5: Small Business Week 2018!
Chief Economic Development Officer