Why do Small Businesses Matter?

Small businesses play a crucial role in building and sustaining communities. Often, minority-owned small businesses spring up in underserved or disadvantaged communities where resources are few and public transportation is scarce.

One of United Way of Delaware’s areas of focus is to help our neighbors achieve financial empowerment for themselves and their families. To that end, we developed the Stand By Me program, and one of its most successful initiatives, the Minority Small Business Program.

  1. Small businesses provide employment close to home, generate wealth and income, and contribute tax revenue. The money spent by patrons of these businesses and their employees circulates within the community, supporting other local businesses and services.
  2. Small businesses add diversity to the local business landscape, offer unique products and services, give residents more choices and promote vibrant local culture.
  3. Small businesses support their communities. They are more likely to contribute to local nonprofit organizations, sponsor events, donate goods or services, or contribute financially.
  4. Small businesses play a pivotal role in revitalizing declining or neglected neighborhoods.
  5. Local businesses often serve as social hubs. Coffee shops, restaurants, and retail stores can become meeting places that drive community cohesiveness.

Supporting small businesses can have far-reaching positive effects on the overall well-being of a community and its residents.

This edition of Feel Good Friday will demonstrate the value of our Minority Small Business Program. Remember, Shop Local and Shop Small!

Raina Allen - Director, Delaware Racial Justice Collaborative

Michelle A. Taylor, Ed.D.
President and CEO, United Way of Delaware