The U.S. Senate this week passed Senate Resolution 548 (S.Res.548) to designate November 29, 2014 as "Small Business Saturday." Senators Maria Cantwell (D-WA) and Jim Risch (R-ID), the chairwoman and ranking member on the Senate Committee on Small Business and Entrepreneurship, introduced the resolution to encourage consumers during the holiday season to support local businesses that create jobs, boost the economy, and preserve neighborhoods.
Forty-four Senators cosponsored the resolution.
"Small businesses drive job creation on Main Streets across the United States, creating two-thirds of all new private sector jobs," Cantwell said. "I encourage Americans to buy local and support small, independent businesses on Small Business Saturday."
"In Idaho and across the United States, small businesses are the backbone of local economies," Risch said. "I am proud to partner with Chairwoman Cantwell in designating Small Business Saturday 2014 to distinguish the independently owned and operated businesses in these local communities. I encourage consumers to support their neighborhood small businesses, the engine that keeps America's economy running, by shopping local on Saturday, November 29th".
Now in its fifth year, Small Business Saturday falls between Black Friday and Cyber Monday and encourages consumers to shop local and support small businesses during one of the heaviest shopping periods of the year. According to the National Retail Federation, an estimated 141 million shoppers spent $57.4 billion on consumer purchases during Thanksgiving weekend last year. Shopping at independent, locally-owned businesses puts 52 cents of every dollar spent back into the local community.