Since 1963, the US Small Business Administration has celebrated Small Business Week, a period intended for national reflection on and appreciation for the major contributions small businesses make. Since the Great Recession of the early 21st century, this celebration has been even more meaningful. From 2009 to 2013, businesses with between 20 to 499 employees led the nation in new job creation, accounting for 60% of new jobs.1
2017’s Small Business Week is from April 30 to May 6; let’s take a moment to celebrate and talk about what’s going on.
Small Business Week Events
Small business owners across the US should know that during Small Business Week, the Small Business Administration hosts webinars and nationwide events. This year’s live events that will be attended by Linda McMahon, head of the Small Business Administration, are in Washington DC, New York City, Indianapolis, Dallas, and Fresno.2 Cities also usually kick off their own smaller festivals, so be sure to ask around or do a web search to find out what might be going on in your community.3
Why Small Businesses
If you think about it, America was founded on the groundwork of small businesses. Every general store, family farm and soda shop was someone’s livelihood, and today, small businesses still drive the economy. But small business is also about innovation and agility. Small businesses don’t just give people jobs, they also blaze trails in new and existing industries. Today there are more opportunities than ever before for someone with a vision to turn it into a reality. That freedom to take risks is one of the essential parts of the American experience.
The amazing economic impact of these businesses is just one of the reasons we at Fisher Investments 401(k) Solutions are so passionate about helping small business owners and their employees prepare for retirement. Since the majority of Americans are employed by businesses with fewer than 500 employees, we know that’s where our expertise can benefit the most people possible and help them achieve their retirement goals.