Money generated on Small Business Saturday typically in funneled back into the local economy, he said. One study found that for every $100 spent at a local business, $68 of it stays within the local economy, compared to $43 for large businesses.
About 66.6 million shoppers are expected to head out today, shopping small, local businesses during the busiest shopping season of the year. That’s a slight decline from the 67.9 million shoppers who said they would shop on Small Business Saturday last year. More shoppers said they would shop on Thanksgiving and the following Sunday this year than last.
Rick Pearce, president of the Chamber of Commerce Serving Middletown, Monroe and Trenton, said supporting small businesses is important because those owners typically live locally and proceeds from their sales sometimes sponsor community events.
“All that money stays locally,” he said.
That’s not always the case with national chains, he said.
“The money goes back to the corporation and that investment may not make its way back to the community,” Pearce said.
Pearce said small business owners are also sponsoring children’s activities and donating to local nonprofits with the money made through holiday sales and throughout the year.
To encourage shoppers today, Ferrando is offering a buy-two-get-one-free workshop deal, and one free group workshop will be drawn.
The Hamilton area has the most robust Small Business Saturday offerings in southwest Ohio, the president of the Greater Hamilton Chamber of Commerce told Hamilton City Council as his organization received a proclamation celebrating the event.
“We’ve been told by American Express that we have the best Small Business Saturday in the region, based on engagement and involvement with the community,” said Dan Bates, president and CEO of the chamber. “We get major involvement from the community.”
For some shops and other businesses, that Saturday is the biggest sales day of the year. There will be online maps and fliers in stores, “so people know how to get from shop to shop,” Bates said.
Staff writer Mike Rutledge contributed to this report.