November 24th, 2023
The biggest shopping day of the year is here, and it wouldn’t be the same without local businesses.
The biggest shopping day of the year is here, and it wouldn’t be the same without local businesses. To put things in perspective:
1. Local franchise businesses are responsible for a projected $860 Billion in output over 2023. This is the output that many of these businesses ultimately reinvest in their local communities.
2. Local businesses need our help, though. 86% of local business owners reported feeling the effects of increasing costs on their operations, while 9 out of 10 business units raised their prices to combat cost increases.
3. Despite these challenges, nearly 85% of local businesses surveyed reported increases in store-level wages over the past six months; 24% reported significant increases. When we support local businesses, we support the workers they employ, and the communities they operate in. This #BlackFriday, let’s #SaveLocalBiz, and help them fight to stay afloat.