CEDC Recognizes National Small Business Week
5 May 2021
Business News, Area Companies, Downtown Conroe
The Conroe Economic Development Council (CEDC) understands the importance of the sustainability of economic growth. We have a strong Business Retention and Expansion program designed to promote the growth and development of local companies. Company representatives are encouraged to call and discuss any challenges they may be facing, get help coordinating utilities for development projects or to report any issues, receive permitting assistance, help connect with local service providers, workforce development support, assistance with expansion projects, and more. Large or small, all requests for help are taken seriously by the staff to show that in Conroe, Texas, Sustainability is Made Here.
The U.S. Small Business Administration (SBA) has historically held its National Small Business Week in the first week of May each year. The COVID-19 pandemic forced 2020’s event to occur in September, but many organizations are planning to celebrate small businesses from May 2-8 in 2021. Why are small businesses an excellent reason to celebrate? They add character to communities, create jobs, strengthen the economy, and offer unique experiences and memories for families.
In its 2019 Small Business Profile, the SBA Office of Advocacy indicated 59.9 million employees, or 43.7% of the entire U.S. employee workforce, worked for small businesses. And the Bureau of Labor Statistics Business Employment Dynamics indicates that from 2000 to 2018, small businesses created 9.6 million net new jobs, accounting for nearly 65% of all net new jobs in the U.S.
Promoting small businesses is an excellent way to help support a community’s overall economy. A 2018 report from American Express stated an average two-thirds of every dollar spent at small businesses in the U.S. stays in the local community, and every dollar spent there creates an additional 50 cents in local business activity. As an added incentive, every ten jobs created at a local business support an additional seven jobs within the community!
The CEDC works to support entrepreneurs and small businesses, focuses on business retention and expansion, leads workforce development, and assists with marketing and promotion to ensure the local community can achieve the highest quality of life possible. Reach out to the CEDC to see how we can help today, and you'll discover why in Conroe, Texas, Sustainability is Made Here!