At some point, you might have seen a statistic or statement by a politician or economist stating the economic benefits of small business to local communities.
While small businesses generate new jobs and, according to the Small Business Administration (SBA), employ more than half of the working class in the United States, they’re also a valuable asset to the local community.
Here are 5 ways that small business shopping in Livingston Parish make a sizable impact:
1. Local Jobs
Small businesses are job creators, and most of those jobs are local jobs right here in Livingston Parish.
Rather than having to commute to Baton Rouge or New Orleans, employees can work closer to home. Supporting private family owned businesses also helps your fellow community members who work at them.
When a parish has a vibrant commercial center, it also creates ample opportunities for these workers to shop at other local small businesses.
They grab lunch or dinner from local restaurants, run errands on their break, and grab drinks from local bars.
This keeps money local and further creates a tight-knit community vibe.
2. Livingston Parish Involvement
Small business owners here play an important part of the parish as a whole.
Thus, they tend to recognize how their decisions impact their neighbors.
In addition, local small business entrepreneurs tend to be involved in the parish.
For instance, they may sponsor local teams, donate to various non-profit’s in Livingston Parish, join the Livingston Parish Chamber of Commerce (a great way to get involved), or offer to guest lecture at one of our local high schools, the technology center, or even the welding school in Walker.
3. Create a Friendly Parish
In addition to contributing to Livingston Parish’s unique identity and being involved locally, small business owners help to build a sense of community.
Small business owners are more likely to build personal relationships with their customers, knowing many of them by name.
When was the last time you walked into a large chain store and were greeted by name?
Many small business owners band together, forming casual or formal relationships, such as a merchant’s association or mentoring. These relationships leverage the expertise of the participants to contribute to the business community’s long-term growth.
They are also often a key tool for fostering camaraderie between business owners, so that as foot traffic to one business increases, other nearby smaller businesses benefit through increased exposure and word-of-mouth referrals.
4. Increasing the tax base
When local LP residents shop at small businesses within the parish, their tax dollars stay here, helping to improve the parish as a result.
Likewise, local small businesses tend to buy locally as well, pumping more of the profits from their economic activity back into the parish than their chain store counterparts, sparking economic development throughout the parish!
Small businesses are the product of the business owner’s entrepreneurial spirit. By starting a small business, the business owner is taking charge of his or her future.
If you’re a small business owner in Livingston Parish, be sure to read my recent article “Strategies For Local Business Success” for more tips and tricks on how to ensure your local business’s success.
Entrepreneurship fuels America’s economic innovation and prosperity and serves as a key means for families to move out of low-wage jobs and into the middle class.
About the Author:
Jim Chapman is the creator and host of Local Leaders: The Podcast.
Through his podcast he promotes small business owners through interviews covering all aspects of their business.
He resides in Denham Springs, LA with his wife and 3 children.
Jim can be contacted via his various social media or through email at Jjim@localleadersthepodcast.com