HOLDEN, Mass. – State Rep. Kimberly Ferguson (R-Holden) is reminding local business owners and shoppers that the first Saturday and Sunday after Thanksgiving is Small Business Weekend in Massachusetts.
Ferguson, a member of the Small Business Caucus, was pleased to co-sponsor the House Resolution establishing the Small Business Weekend. The resolution, passed last year, brings recognition to the important economic role and positive impacts small business has on communities and to encourage shopping at “Main Street” local businesses.
Not only do local businesses tend to employ local people, but for every $100 spent with locally owned, independent stores, $68 returns to the community through local taxes, payroll and other expenditures, according to Ferguson.
The State Representative believes that a public awareness campaign will help increase revenue for local businesses, which will in turn help increase employment opportunities.
“We need to support our local businesses, if we want to put people back to work—it is critical for not only job creation but job retention. Promoting Small Business Weekend will remind people how vital small business is to our state’s economic outlook and hopefully motivate them to shop locally all year long,” said Ferguson. “The small business community is the backbone of our economy. Three out of every four new jobs in Massachusetts are created by small business.”
In 2011 the first ever Small Business Caucus at the State House was started in order to create a more business friendly climate in the Commonwealth. The caucus has been working with legislative members and industry experts on issues such as mandates, regulations, the high cost of health insurance and the tax burden.