National Small Business Week began yesterday with a proclamation from President Obama recognizing the small businesses across the Nation which, especially in our rural and small-town communities, making vital contributions to communities and the American economy.
Individually, the impact of a small business may seem minor in comparison with conglomerates. The Small Business Administration (SBA), however, estimates that more than half of our American workforce either owns or is employed by a small business, and two out of every three new jobs in the U.S. each year is created by--you guessed it--a small business. It’s clear this portion of economy is significant, but in rural towns and areas where each job and transaction has an effect on the community, small business is essential. In rural America, the entrepreneurs, mom-and-pop shops, agri-businesses, small-scale manufacturers, and other enterprises are the local economy.