Ways Small Businesses Empower Their Communities The government in many countries encourages small businesses. These companies can make a positive contribution to the local economy. Although large companies generate a lot of revenue, the local community benefits in many ways from small businesses. 1. Create job offers When a new business opens, it brings new employment opportunities. Unemployment remains a problem for many countries. Small businesses can create jobs and lower the country’s unemployment rate. 2. Bring in new ideas Entrepreneurs bring new ideas with them. You receive innovative products and services. One study found that small businesses receive more patents per employee than larger companies. These help you…
