A meal at your neighborhood diner, a visit to the specialty boutique or a trip to the local hardware store. Each time you choose to spend your dollars locally, you are helping to boost the Sioux Falls economy.
For every $100 spent at a local business, $68 stays in the community. The dollars spent here turn over more often than dollars spent at national chains.
In addition to supporting the local economy, shopping locally promotes a more vibrant community. The people who are employed by or own the small businesses are quite often the same people you see coaching the youth sports team, volunteering for local charities, and donating to community causes.
"Heading into the holiday shopping season is a great time to remind people of the impact they can have by shopping locally," said Chamber President & CEO Jeff Griffin. "Many of our local restaurants and retailers were hit particularly hard by the pandemic this year. By choosing to shop small and support locally owned businesses, we can help them on their road to recovery."
The Greater Sioux Falls Chamber of Commerce defines small businesses as those organizations with ten or fewer employees. Businesses of this size make up 60% of the Chamber's total membership of 2,000 businesses.
In South Dakota, more than 58% of workers are employed by small businesses. Nationwide, small businesses are the nation's job creators, credited with generating 65% of net new jobs since 2000. They pay over 40% of the private sector payroll in the U.S.
Sioux Falls area small businesses that are members of the Chamber can be found in the member directory at siouxfallschamber.com.
Small Business Saturday
The first Small Business Saturday took place in 2010 and quickly gained momentum across the United States. Small Business Saturday falls on the Saturday following Thanksgiving each year, and this year it will be celebrated on November 28.
The mission Small Business Saturday is simple – encourage people across the country to support small, local businesses during the holiday shopping season.
According to shopsmall.com, nationwide in 2019, shoppers spent a reported $19.6 billion at small businesses on Small Business Saturday. Shopsmall.com has customizable marketing materials that small business owners can use for free to promote their business this Small Business Saturday.