Montgomery, AL – On Tuesday, Governor Kay Ivey issued a proclamation recognizing November 30, 2024, as Small Business Saturday in Alabama, encouraging residents to support local businesses during the holiday season. The annual event, observed on the Saturday after Thanksgiving, emphasizes the essential role small businesses play in driving Alabama’s economy and strengthening communities.
“The Saturday after Thanksgiving is a time when many of us gather with family and friends, often to enjoy one of Alabama’s great traditions, the Iron Bowl,” Governor Ivey said. “As you prepare for the holiday season – and perhaps for the big game – I encourage everyone to take a moment to visit local small businesses. It’s a great way to celebrate the season, support your community, and make this weekend a win for our great state.”
Small businesses are a cornerstone of Alabama’s economic landscape. According to the U.S. Small Business Administration (SBA), Alabama is home to 449,024 small businesses, accounting for 99.4% of all businesses in the state. These businesses employ 802,607 people, representing 46.7% of the state’s workforce.
In 2022 alone, Alabama’s small businesses generated 41,091 new jobs, contributing nearly 80% of the state’s total net job growth. Beyond state borders, Alabama’s small businesses also play a pivotal role in global trade, with over 3,300 exporting $4.4 billion in goods, which makes up 17.7% of Alabama’s total exports.
Highlighting the personal connection small businesses offer, Thomas Todt, Alabama District Director for the SBA, urged residents to prioritize local shopping. “Wishing you all a joyful holiday season and thank you for supporting Alabama’s small businesses and employees – both on Small Business Saturday and year-round,” Todt said. “In a world where shopping once felt personal, many small businesses still cherish that connection with customers. Please continue to keep small in your shopping plans.”
The proclamation drew praise from the National Federation of Independent Businesses (NFIB). Rosemary Elebash, NFIB state director, emphasized the impact of supporting local businesses, noting, “Every dollar spent at a local business helps create jobs, boost the economy and build stronger communities. It’s estimated that 67 cents of every dollar spent at a small business stays in the community, generating an additional 50 cents in local business activity as businesses and workers shop locally.”
Governor Ivey reinforced the broader significance of Small Business Saturday, stating, “Every purchase matters. Shopping local supports Alabama’s hardworking families, sustains jobs, and fuels the workforce that keeps our communities growing. We want to keep our local businesses thriving here at home and on the world stage.”
Alabama’s small businesses cover a diverse range of industries, from retail and dining to professional services and construction. This Small Business Saturday, shoppers are encouraged to explore and support locally owned establishments, helping to ensure their continued contribution to the state’s economy and community development.
