13 / September / 2021 : 10-58
The Importance of Small Business in the Local Community
One of the primary benefits of small businesses is job creation. Small businesses employ a significant portion of the workforce, and they often offer entry-level positions to individuals who may not have the skills or experience required for larger corporations. This provides job opportunities and income for local residents, which in turn helps to support the community's economy.
Small businesses also contribute to the uniqueness and diversity of a community. They provide a variety of goods and services that may not be available from larger chain stores, making the community a more interesting and desirable place to live. Small businesses often cater to niche markets, offering personalized services and products that larger corporations may not be able to provide.
In addition to providing employment and goods and services, small businesses contribute to the local tax base. They pay property taxes, sales taxes, and other fees that help to support local infrastructure, schools, and public services. This, in turn, helps to improve the quality of life for community members.
In summary, small businesses are essential to the local community's social, economic, and environmental well-being. They contribute to job creation, economic growth, and community development while providing unique goods and services that enrich the local community's character and identity. Supporting small businesses is a win-win for both residents and the community as a whole.
Published on 13 / September / 2021 : 10-58
Published by
Liana Aloyan
Journalist, columnist. Liana studies at the Faculty of Russian Philology of Khachatur Abovyan State University. She has been working at Yelaket (Yelaket.am) news agency since 2019 as a journalist and columnist. Writes articles about business and marketing. Liana is a member of "Media association" since 2020.
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