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Why Small Business Saturday Is So Important
November 25, 2022 Eugene Uhm, Business Development Specialist

As the calendar turns to November, the holiday season is upon us. Thanksgiving (Nov 24), Black Monday (Nov 28), and Giving Tuesday (Nov 29) are a few holidays that everyone remembers. However, I believe Small Business Saturday (Nov 26) is the most important date to remember.

Small Business Saturday was originally created by American Express in 2010 and co-sponsored by the Small Business Administration (SBA) since 2011. It is an annual holiday that supports small businesses across our country and helps promote their importance to our nation’s economy.

Here are a few facts about Small Business Saturday and small businesses:

    • Estimated $23.3 billion spent on Small Business Saturday in 2021.
    • 9 million net new jobs created by small businesses over the past 25 years.
    • 7,936,977 small businesses in the U.S (as of 2019).
    • Approximately 1,207,000 were owned by women and 1,076,000 were minority-owned (as of 2019).

While you are remembering what you are thankful for this holiday season, take a moment and reflect on the importance of your local small businesses and consider #shoplocal this holiday season. Likewise, if you are a small business, it’s never too late to discover the benefits of exporting and expanding your small business globally.

The Export-Import Bank of the United States (EXIM) focuses on supporting American jobs through the export of U.S. goods and services. EXIM understands how important small businesses are and is proud to support Small Business Saturday. To learn more about how EXIM can help your small business navigate and succeed in the global marketplace, we encourage you to schedule a free consultation with one of our regional directors today!

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EXIM’s Blog postings are intended to highlight various facets of exporting, but the postings are not legal advice, and are not intended to summarize all legal requirements associated with exporting.