A newly launched report from the Nationwide Federation of Unbiased Enterprise (NFIB) reveals that small companies are excess of financial drivers of their communities—they’re additionally very important contributors to civic and charitable causes. The findings, printed by the NFIB Analysis Heart, make clear the intensive volunteerism and monetary assist small enterprise house owners present to native organizations and initiatives.
“This report may come as a shock to some, however not for us at NFIB,” stated Anthony Smith, NFIB’s Oregon state director. “It confirms with good information what we already knew about small enterprise house owners in our native communities, throughout the state, and nationwide—they’re extremely beneficiant with their time and sources.”
The report, primarily based on a nationwide survey of NFIB-member companies, provides hanging statistics:
- Volunteerism: Roughly 76% of small enterprise house owners reported volunteering their time for civic teams, charities, youth sports activities packages, colleges, or spiritual organizations over the previous 12 months.
- Monetary Contributions: An amazing 90% of respondents stated they supplied monetary assist to native causes throughout the similar interval.
- In-Form Donations: Greater than 63% of small enterprise house owners contributed in-kind sources, similar to offering assembly areas, donating stock, or providing gadgets for fundraising auctions.
The NFIB survey captures a nationwide snapshot of its members, who sometimes make use of between one and 9 individuals and report gross annual gross sales of about $500,000.
Small Enterprise Saturday: A Likelihood to Present Assist
Smith emphasised the significance of group assist through the upcoming vacation season. “November 30 is Small Enterprise Saturday—an excellent day to kick off the 2024 vacation season by exhibiting our appreciation for Oregon’s small companies,” he stated. “Good gross sales from now till the tip of the 12 months is undoubtedly close to the highest of most small enterprise house owners’ Christmas want lists. We are able to all assist with that.”
He added that whereas small companies search sturdy gross sales, they typically face challenges like burdensome laws and tax insurance policies, which stay within the palms of policymakers in Salem and Washington, D.C.
The report demonstrates that small companies are integral to their communities past their position as job creators. Via volunteerism, monetary assist, and useful resource sharing, they supply vital assist to civic organizations, colleges, and charities.
For instance, many companies donate extra stock for native causes, provide house for group occasions, or contribute public sale gadgets to boost funds. These acts of generosity underscore the multifaceted position small companies play in enriching their communities.
Picture: Envato
