NFIB State Director Annie Spilman 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. Texas’ sales tax holiday on clothes, backpacks, and computers is Aug. 6-8.
“Between the pandemic and winter storm that brought things to a standstill, it’s been a rough year small businesses,” Spilman said. “Shopping small this weekend is a good way to support local businesses as they continue to work to keep the doors open and keep Texans working.”
Small businesses account for 99.8% of all employers in the state, and they employ 45.1% 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.