New Report Shows Small Businesses’ Community Impact
New Report Shows Small Businesses’ Community Impact
Nevada’s Main Streets benefit more than just economically
CARSON CITY, Nev., Nov. 19, 2024—With Small Business Saturday just around the corner (November 30), a report released yesterday by the nation’s largest small business association showed just how important Nevada’s and every other state’s Main Street firms are to their communities in addition to the local economies they bolster.
“This report is both timely, coming as it does just before Small Business Saturday, and informative for some hard numbers it provides that demonstrate the deep community involvement Main Street enterprises have with their neighbors, friends, and relatives,” said Tray Abney, Nevada state director for the National Federation of Independent Business (NFIB), whose Research Center produced the 2024 Small Businesses’ Contribution to the Community report.
According to the nationwide survey:
- “About three-quarters (76 percent) of all small business owners reported volunteering their time to work on behalf of civic groups, charities, youth sports programs, schools, religious organizations, or similar activities in the last 12 months.
- “Financial support was the most common method small businesses used to support their communities … Ninety percent of small business owners have financially supported community or civic groups, charities, youth sports programs, schools, religious organization, or similar activities in the last 12 months.
- “Sixty-three percent of small business owners reported providing in-kind contributions … (e.g., providing a meetings space for a local fundraiser, donating excess inventory for a cause, offering auction items to raise money, etc.).”
The report also looked at the groups of activities small businesses are part of. The report is a national snapshot of NFIB-member, small-business owners not broken down by state. The typical NFIB member employs between one and nine people and reports gross sales of about $500,000 a year.
Keep up with the latest Nevada small-business news at www.nfib.com/nevada. Follow us on X @NFIB_NV.
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For 80 years, NFIB has been advocating on behalf of America’s small and independent business owners, both in Washington, D.C., and in all 50 state capitals. NFIB is a nonprofit, nonpartisan, and member-driven association. Since our founding in 1943, NFIB has been exclusively dedicated to small and independent businesses and remains so today. For more information, please visit nfib.com.
NFIB Nevada
Abney Tauchen Group
775-443-5561
Reno, NV
NFIB.com/NV
Twitter: @NFIB_NV
NFIB is a member-driven organization advocating on behalf of small and independent businesses nationwide.