NFIB State Director Jerrod Shouse says the upcoming back-to-school sales tax holiday is a good opportunity for people to support local businesses as they recover from the COVID-19 economic downturn. Oklahoma’s tax holiday on certain clothes and shoes is Aug. 6-8.
“Oklahoma’s economy is healthier than it was a year ago, but it may be months before small, independent businesses recover fully from the pandemic,” Shouse said. “Shopping small this weekend is a good way to help the local businesses that support their communities throughout the year.”
Small businesses account for 99.4% of all employers in the state, and they employ over half of the state’s workforce, according to the U.S. Small Business Administration. A study by American Express found that 67 cents of every dollar spent at a small business stays in the community and creates an additional 50 cents in local business activity as employees and owners purchase local goods and services.
