Chamber of Commerce CEO touts small business: ‘state of American business is local’

US Chamber of Commerce President and CEO Susan P. Clark gave a State of American Business speech Thursday that highlighted the local impact and importance of businesses. small businesses.

Small businesses are responsible for nearly half of the American workforce and about 43.5% of the U.S. gross domestic product (GDP), according to a chamber report released last year small businesses. local economies.

“The state of American business is local because businesses serve people where they are. And if you think about it, that makes all businesses local,” Clark explained line Main Streets and local flagship businesses that employ hundreds or even thousands of people in a community and drive its economic ecosystem.”

“It’s also true of the national chain restaurant where you had your first job. The technology company that makes the equipment and the Internet service provider that lets you work from your kitchen table or home office. The energy companies that power your cars : So you can drive across town to institutions that are financing so you can start a business in your basement,” Clark said.

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Susan Clark, president and CEO of the US Chamber of Commerce, emphasized the importance of small businesses and the local impact of all businesses in her speech. (David Kawai/Bloomberg via Getty Images/Getty Images)

“Wherever a company, service, product or solution originates, its impact is always local. Because local is where we live our lives,” he added.

The Chamber’s President and CEO also discussed its importance world trade small, local businesses as well as the US economy.

“In order to promote economic growth, America must participate in the global economy,” Clark said. “There are opportunities to boost trade, which already supports 40 million U.S. jobs and makes more affordable the goods and services we all need to expand exports and help small businesses reach global markets and welcome imports.” increase consumer choice and keep prices low.”

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Small businesses employ nearly half of all American workers, according to a Chamber of Commerce report last year. (Lane Turner/The Boston Globe via Getty Images/Getty Images)

Clark spoke in Dallas, Texas and noted that Dallas-Fort Worth Metroplex has some commonalities with other economically viable regions of the country.

Among those characteristics are a diverse industrial base, low unemployment and a strong talent pool, as well as “a healthy mix of small businesses that serve and enrich their communities, and large businesses that bring jobs, economic activity and more. tax revenue”, plus infrastructure, access to global markets and an innovation ecosystem.

SMALL BUSINESSES ARE STILL STRUGGLING.

Clark spoke from Dallas, Texas and highlighted the attributes that have made the Dallas-Fort Worth Metroplex an economic powerhouse. (Kirby Lee/Getty Images/Getty Images)

He went on to note that while many communities are not experiencing that level of growth, the United States must strive to ensure that communities are not left behind economically, and that depends on providing favorable conditions for trade.

“We all know there are too many places, too many communities that don’t feel the energy, don’t see the growth,” Clark said. “We need to be a nation where local communities are not left behind. Where there are no food deserts , where crime does not impede commerce, where private investment is welcome, where young people want to stay and return and build businesses and careers, where people can get ahead and provide for their families.”

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“Not every community can, should or wants to be the next booming metropolis, but they all want economic opportunity that delivers the quality of life and promise of opportunity that all Americans want,” he added.