A newly launched report from the Nationwide Federation of Unbiased Enterprise (NFIB) reveals that small companies are way over financial drivers of their communities—they’re additionally important contributors to civic and charitable causes. The findings, revealed by the NFIB Analysis Middle, make clear the in depth volunteerism and monetary help small enterprise homeowners present to native organizations and initiatives.
“This report would possibly come as a shock to some, however not for us at NFIB,” stated Anthony Smith, NFIB’s Oregon state director. “It confirms with good information what we already knew about small enterprise homeowners in our native communities, throughout the state, and nationwide—they’re extremely beneficiant with their time and sources.”
The report, primarily based on a nationwide survey of NFIB-member companies, presents putting statistics:
- Volunteerism: Roughly 76% of small enterprise homeowners reported volunteering their time for civic teams, charities, youth sports activities applications, faculties, or spiritual organizations over the previous yr.
- Monetary Contributions: An amazing 90% of respondents stated they supplied monetary help to native causes inside the identical interval.
- In-Sort Donations: Greater than 63% of small enterprise homeowners contributed in-kind sources, similar to offering assembly areas, donating stock, or providing objects for fundraising auctions.
The NFIB survey captures a nationwide snapshot of its members, who usually make use of between one and 9 folks and report gross annual gross sales of about $500,000.
Small Enterprise Saturday: A Likelihood to Present Assist
Smith emphasised the significance of neighborhood help through the upcoming vacation season. “November 30 is Small Enterprise Saturday—an amazing day to kick off the 2024 vacation season by displaying our appreciation for Oregon’s small companies,” he stated. “Good gross sales from now till the tip of the yr is undoubtedly close to the highest of most small enterprise homeowners’ Christmas want lists. We will all assist with that.”
He added that whereas small companies search sturdy gross sales, they usually face challenges like burdensome rules and tax insurance policies, which stay within the palms of policymakers in Salem and Washington, D.C.
The report demonstrates that small companies are integral to their communities past their position as job creators. By volunteerism, monetary help, and useful resource sharing, they supply important help to civic organizations, faculties, and charities.
For instance, many companies donate extra stock for native causes, provide house for neighborhood occasions, or contribute public sale objects to lift funds. These acts of generosity underscore the multifaceted position small companies play in enriching their communities.
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