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Putnam Daily Voice serves Brewster, Carmel-Kent, Cold Spring, Mahopac, Patterson & Putnam Valley

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Putnam Letter: Small Business Backbone Of American Economy

Got an opinion about Putnam? Write a letter to the editor, and The Putnam Daily Voice will publish it.
Got an opinion about Putnam? Write a letter to the editor, and The Putnam Daily Voice will publish it. Photo Credit: Flickr user @Boetter

PUTNAM, N.Y. -- The Putnam Daily Voice accepts signed letters to the editor. Send signed letters under 350 words to Putnam@dailyvoice.com. 

To the editor:

Although the Fortune 500 are the newsmakers, they are not the backbone of the American economy. 

In fact, all those companies combined only account for less than one half of all jobs in America and if they vanished, they would quickly be replaced by a new group of giants.

However, according to a recent U.S. Census report, America is the home to 17 million sole proprietorships and nearly 6 million businesses with fewer than 100 employees, and should those small businesses suddenly vanish, the fabric of our society would be shredded and democracy would disappear.

Small businesses create and sustains more than half the jobs in America on which families depend and they support other businesses that keep Americans employed. And, the media who prefer to bypass their press releases as being either insignificant or "self-serving promotion" need to stop and realize that it is those small businesses that buy the majority of radio ads, half the TV ads and the majority of all print and Internet published advertising, including Google Adwords. Also, they rent more office space and buy more real estate than all Fortune 500 businesses combined.

So remember, free enterprise does not depend on democracy, but rather democracy depends on free enterprise. As Americans, if we want to see a true resurgence in our economy, we need to be more attentive to small businesses relocating to or opening in our communities. The success of a democratic system is dependent on free enterprise and capitalism. Every time a small business fails, our society suffers.

Just say to yourself, "If it is to be, it's up to me." Your community depends on you. America depends on you.

Andrew J. Powers is a local businessman and member of the business development team of Dynamic Collaborative Solutions, based in Texas and Washington State, which recently opened two offices in New York.

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Serves Brewster, Carmel-Kent, Cold Spring, Mahopac, Patterson & Putnam Valley

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