Did you know the US economy would not survive if it were not for small "Mom and Pop" businesses? The word "Mom-and-Pop" is a colloquial expression that refers to small (and sometimes family-owned) businesses. These retail establishments are often in a single location and serve clients from their local neighborhoods.
The Business Administration of the United States of America has estimated that more than 27 million small businesses contribute to economic growth. Moreover, they create over 70% of all new employment in the United States. This is a great testament to the power of small businesses. There are many ways to highlight the importance of these local businesses on National Mom and Pop Business Owners Day, which is celebrated every 27th of March. Consider buying local, spreading the word about their business, and tipping generously. When you support small businesses, you foster a thriving economy and your local community.
For those who are curious about this day's history, it was the brainchild of Rick Segal, whose parents had a successful "Mom and Pop" business. Rick Segal wanted to recognize not only his parent's entrepreneurial spirit but also small businesses owners across the United States, so the idea of this day was born.
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