Op-Ed: These changes to small business support would strengthen state’s economy

New Jersey’s Future Starts with Community Building

If you want to understand the potential of a low-income neighborhood, look closely at its small businesses — the barbershops, childcare centers, cleaning businesses, corner stores, and contractors that support the community and create jobs. These enterprises shape daily life and keep local economies moving. Ninety-five percent of U.S. businesses are microbusinesses (less than 10 employees) and despite their small size, they account for about 25% of all private sector jobs. These companies hire locally, spend locally, and keep dollars circulating in their own ZIP codes. When these small businesses thrive, local economies prosper; when they struggle, communities feel it.

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