American Express – Small Enterprise Saturday extra essential than ever amid pandemic

AUGUSTA, Maine (WABI) –

Small Enterprise Saturday was originated by American Express, with the hopes of us would help the companies that drive their communities.

American Express estimated that 110 million customers took benefit of Small Enterprise Saturday, producing a file $19.6 billion in spending nationwide final yr.

This yr, as extra customers place on-line reward orders from corporations like Amazon and Target, supporting small companies is essential.

Though there are not any statistics obtainable on Small Enterprise Saturday’s influence on Maine, some research present that about 68 cents of each greenback spent at a small enterprise stays in the neighborhood, opposed to only 43 cents for an enormous field retailer.

Again in 2010 when small enterprise Saturday began, it was crucial because the nation was in the midst of a recession, now as we’re within the midst of a Coronavirus pandemic the day means greater than ever.

“People need hope, and we’ve seen a lot of businesses go out unfortunately, and so it’s been a tough year for everybody, but having that hope that dream, looking forward to something, that’s what we need right now, and people are supporting, we’re really happy with what’s happening, with local business and down here on Water Street it’s been amazing,” mentioned David Hopkins, who co-owns Merkaba Sol in Downtown Augusta.

Hopkins mentioned when the pandemic hit again in March, enterprise was shaky for him and different companies on Water Street.

“We all need to help each other out, that’s what it’s all about, so shopping small will keep food on the table for all of the business owners down here and people need it, it’s about hope,” he added.

“I hope that people are supporting our other local small businesses downtown, I’m planning on doing some shopping downtown and eating out when I get out of work this afternoon,” mentioned Christy Eastman, a server at Downtown Diner in Augusta.

Though issues had been shaky for Hopkins, he was optimistic concerning the vacation season, and mentioned in his companies case, issues are beginning to search for.

“The energy on Water Street is picking up and things are happening, the holidays, I mean who doesn’t like Christmas, so we’re just happy to be here, Small Business Saturday has been amazing so far, so we’re looking good to a holiday season I think.”

Copyright 2020 WABI. All rights reserved.

Tag: American Express


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