Small Business Saturday Anticipated to Boost Local Economy
The City of Newburgh is abuzz with excitement as Bivona’s Simply Pasta on Liberty Street garners attention for its artisanal pasta and freshly crafted meatballs.
Owner Chuck Bivona is poised for a surge in patronage on Small Business Saturday, following his enticing offer: four delectable meatballs, a pint of robust sauce, and a pound of pasta—all for just $20.
“That will adequately nourish a family of three,” Bivona affirmed, while simultaneously managing his newly inaugurated Italian establishment, Dina’s Italian Cafeteria, merely two blocks away.
“Small Business Saturday represents one of our peak traffic days, providing an opportunity for visitors to explore various facets of the city. Even if they opt not to enter my shop, they encounter numerous other local gems they may not have previously known.”
Across the Mid-Hudson region, from Port Jervis to Rhinebeck and Carmel, local enterprises are expected to reap benefits on this significant shopping day.
Following the post-Thanksgiving frenzy of Black Friday, Small Business Saturday is committed to recognizing and patronizing over 36 million independent businesses nationwide.
Initiated by American Express in 2010, this vital economic catalyst has contributed more than $220 billion to independent retailers, restaurants, and service-oriented businesses in the past 15 years.
“It’s imperative to champion local businesses, particularly during the holiday season. I deeply appreciate seeing community members exploring our town,” remarked Karen Smith, owner of Halligan’s Public House in Warwick.
“Although online shopping is enticing, there exists a unique charm in perusing a local boutique or shop. It fosters a closer-knit community.”
Heather Bell, President and CEO of the Orange County Chamber of Commerce, echoed this sentiment, stating that Small Business Saturday “illuminates the dedication and endeavors of local entrepreneurs.”
“Your patronage nourishes their aspirations and fortifies community vitality,” she added, emphasizing the symbiotic nature of local commerce.
As per the U.S. Small Business Administration (SBA), proprietors surveyed predict that nearly 20% of their annual revenue will be accrued on Small Business Saturday. In 2024, projected consumer spending at local establishments for this event is estimated to reach approximately $22 billion.
Nonetheless, small enterprises are grappling with heightened challenges this festive season, including escalated operational costs, supply chain disruptions, and economic uncertainty. Unlike their larger counterparts, they frequently lack the financial reserves necessary to weather these adversities.
“I urge everyone to step out and support our local merchants this Saturday and during the holiday period,” asserted Kingston Mayor Steve Noble.
“Kingston boasts an eclectic mix of businesses across its districts, ensuring there’s something for every shopping need.”
Noble also highlighted that the city will offer complimentary holiday parking from December 12 to January 1. “We encourage residents to seize this opportunity to bolster our vibrant small businesses and dine locally,” he concluded.
Source link: Midhudsonnews.com.
