Thursday, May 22, 2025
Every May for more than 60 years, the United States has taken the time to celebrate a crucial force in its economy: the small-business owner. This year during National Small Business Week, May 4 to 10, we will honor the entrepreneurial spirit that fuels innovation, drives local economies, and creates opportunity in communities across the country.
It’s important to recognize that this is more than just a ceremonial observance. Small Business Week is a chance to spotlight the backbone of America’s economic engine and the importance of supporting the 33 million small businesses nationwide.
Two of their biggest backers are the federal Small Business Administration and SCORE, a nonprofit organization that has mentored more than 11 million entrepreneurs since 1964. The SBA is a government agency that promotes and safeguards the interests of small businesses. Its mission is to support them and help them thrive, because they are such a vital component of the nation’s economy. The SBA provides access to federal contracts, counseling and financing, among other resources, to help these business grow.
Together, the SBA and SCORE will offer invaluable resources to both aspiring and established business owners at the annual National Small Business Week Virtual Summit, a free online event May 6 and 7. It will offer more than educational workshops; it will be a showcase of what’s possible when the public and private sectors collaborate.
That effort will include mentorships, practical advice and access to federal programs and tools that can help small-business owners navigate the myriad challenges they face, from financing to digital marketing.
The Summit won’t just be about learning — it will also be about community. Consider the sheer number of small businesses that dot the landscape of the cities, towns and villages that Herald newspapers cover. How many do you patronize on a regular basis, from your favorite pizza place to your favorite stationery store or barbershop?
Many are anchors of their neighborhoods or downtown commercial areas, making towns into home towns.
Beyond the summit, the SBA is organizing in-person events across the country, including a national awards celebration in Washington, D.C., on May 5. There will be local events as well, giving municipalities the chance to recognize their own standout entrepreneurs.
But why should National Small Business Week matter to everyone — not just business owners? Because small businesses do more than sell products and services. They create jobs. Half of all U.S. workers are employed by small and medium-sized businesses, which contribute 43 percent of the country’s GDP. Small businesses mentor future leaders. They drive innovation. They support schools, sponsor local Little League teams, and strengthen the fabric of our communities.
Almost every dollar spent at a small business goes back into the local economy. And during challenging times, as we saw during the coronavirus pandemic, these businesses often demonstrate resilience and creativity that not only help their communities endure those times, but inspire new ways to overcome them, bringing residents closer together in the process.
Smart legislation is critical, too. State Sen. Monica Martinez, whose district covers parts of Long Island, recently introduced the Lift Our Communities, Advertise Locally, or LOCAL, Act. This bill would provide truly small businesses — 10 employees or fewer — as well as minority-, female- or veteran-owned businesses of any size with a tax credit of up to $4,000 so they can advertise their products and services.
Supporting small businesses is a year-round responsibility, but next month’s special week will give us a chance to recommit to their success. Whether you attend the virtual summit, shop locally, or simply share the story of a small business that inspired you, there are countless ways to show support.
To learn more about this year’s events, to register for the summit, or to find a celebration near you, visit SBA.gov/NSBW. And be sure to follow along, and join the national conversation, at #SmallBusinessWeek. Throughout the year, the Herald offers small businesses webinars and training, too, and we encourage businesses to sign up for these valuable sessions.
In celebrating this special week, we celebrate the grit, vision and drive that continue to shape our nation by shaping its economy — one idea, one storefront and one hardworking entrepreneur at a time.
