ENTREPRENEURSHIP

Detailed explanation-1: -Local businesses pay local taxes. These taxes provide schools, roads, community programs, and park revenue. These businesses also tend to conduct B2B transactions locally, expanding the tax base further.

Detailed explanation-2: -Increasing local businesses means creating more jobs to encourage more people to stay in the area. This not only allows people to work closer to home, but also improves the quality of life for the community by increasing city revenue, creating a more self sustainable community, and connecting the community together.

Detailed explanation-3: -They innovate and diversify the local marketplace That’s why most successful business owners tend to be innovative, creative entrepreneurs with a one-of-a-kind idea. Not only does this encourage more innovation and growth within the community, but it also creates a more diverse marketplace.

Detailed explanation-4: -Independent businesses provide their local economies with new jobs, products, revenue, services and more. Charitable and innovative contributions-Small businesses not only contribute economic benefits to their community but also charitable and innovative ones as well.

Detailed explanation-5: -A large corporation can provide thousands of jobs to a region and its resources can make a huge impact on its surrounding area. Through social impact, corporate volunteerism, philanthropy, environmental sustainability efforts and more, positive businesses can be a force for good.