LVABA Urges Nashvillians to Support “Small Business Saturday,” November 29

NASHVILLE, TN— November 19, 2014 – The Lenox Village Area Business Association (LVABA)—which now represents nearly 70 small businesses in the Lenox Village area of south Nashville—is urging Nashvillians to support small businesses in their neighborhood on Small Business Saturday, November 29.

Launched in 2010 as “small business’s answer to Black Friday” (which tends to benefit larger corporations), Small Business Saturday has grown to become a nationwide economic phenomenon. Last year, consumers who were aware of Small Business Saturday spent $5.7 billion with independent merchants on that day, according to research published by the National Federation of Independent Business.

“Small Business Saturday offers Nashvillians a way to show their support for an invaluable part of our local economy, the creator of nearly 2 out of 3 new jobs,” the LVABA noted. “It’s a great way to kick off the Christmas gift-giving season, and show your support for the small businesses in your own Nashville neighborhood.”     

In 2013, forty-one state governors issued proclamations supporting Small Business Saturday, and more than 3.3 million Facebook users already have “liked” a page dedicated to the promotion.


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Fascinating Facts about Small Businesses
(Source: U.S. Small Business Association)

  • The 23 million small businesses in America account for 54 percent of all U.S. sales.

  • Small businesses have provided 55 percent of all jobs and 66 percent of all net new jobs since the 1970s.

  • The 600,000 plus franchised small businesses in the U.S. account for 40 percent of all retail sales and provide jobs for some 8 million people.

  • The small business sector in America occupies 30-50 percent of all commercial space, an estimated 20-34 billion square feet.

  • The small business sector is rapidly growing. While corporate America has been "downsizing,” the rate of small business start-ups has grown, and the rate for small business failures has declined.

  • The number of small businesses in the United States has increased 49 percent since 1982.

  • Since 1990, as big business eliminated 4 million jobs, small businesses added 8 million new jobs.
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