Skip to content

Report Shows Impact of Small Business on Local Economies

Report Shows Impact of Small Business on Local Economies

December 2, 2024

Alabama News

Research the contributions local businesses make to their communities

New research from the NFIB Research Center underscores the vital role small businesses play in their communities.

State-specific data is unavailable, but NFIB State Director Rosemary Elebash said the report highlights Main Street’s impact on local economies.

“Small businesses are more than just the backbone of our economy—they’re the heart of our communities,” Elebash said. “Small business owners give back in so many ways, from donating their time and resources to strengthening local trust and loyalty.”

According to the 2024 Small Businesses’ Contribution to the Community report:

  • About 76% of small business owners volunteered their time for civic groups, charities, youth sports programs, schools, religious organizations, or similar activities in the past year.
  • Financial support was the most common way small businesses helped their communities. Ninety percent of small business owners donated money to local groups, charities, youth sports, schools, or religious organizations in the past year.
  • Sixty-three percent of small business owners made in-kind contributions, such as donating meeting spaces, excess inventory, or auction items to raise money for causes.

The report focuses on NFIB members’ community involvement and provides a nationwide view of how small businesses contribute to local communities. Most NFIB members employ between one and nine people and report yearly sales of about $500,000.

“When you shop local, you’re investing in businesses that give back and make our neighborhoods stronger,” Elebash said. “Supporting small businesses isn’t just good for the economy; it’s good for the community.”

Click here to read the full report.

Get to know NFIB

NFIB is a member-driven organization advocating on behalf of small and independent businesses nationwide.

Receive our newsletter and email notification
Knowledge is power. Let us help you stay informed with breaking legislative news, regulatory updates, business tips, and more.

Related Articles

A female Carpenter working at a table wearing glasses.
Related
July 2, 2026
Pennsylvania Small Business Job Openings Rebound in June
Small Business Employment Index is near its historical average.
Read More
Related
July 2, 2026
Michigan Small Business Job Openings Rebound in June
Small Business Employment Index is near its historical average.
Read More
Table titled 'Job Components June 2026' with three columns: Jobs Report Numbers, Seasonally Adjusted Level, Change from Last Month. Rows show Current Job Openings 32% (+3), Plans to Increase Employment (net) 11% (+2), Qualified Workers 'few' or 'none' 51% (+5), Compensation Plans (net) 17% (-1), Actual Compensation (net) 28% (-3). Note: *Not Seasonally Adjusted. NFIB logo/footer with NFIB.com/Jobs.
Related
July 2, 2026
Nevada Comment on NFIB’s Latest Jobs Report
Post-Primary Election task of educating voters, candidates is underway
Read More
Line chart: Percent of firms with at least one unfilled opening over time, avg 24%, with recent peak around 2020–2022; NFIB logo.
Related
July 2, 2026
Montana Comment on NFIB’s Latest Jobs Report
Are economy’s underpinnings strong enough to make slippage just temporary?
Read More

© 2001 - 2026 National Federation of Independent Business. All Rights Reserved. Terms and Conditions | Privacy Policy | Accessibility