BBB tip of the week: Small business means big impact
Small businesses may seem small, but they have an enormous impact in local communities as well as the U.S. economy. According to the U.S. Small Business Administration, more than half of Americans either own or work for a small business, creating two out of every three new jobs each year.
Of the 28.8 million small businesses in the U.S., an estimated 750,000 small businesses are in the Northwest region. With 555,285 small businesses in Washington, this makes up 98 percent of Washington’s businesses. These small companies have created 1.3 million jobs. And in Idaho, 150,025 small business make up 96.6 percent of companies creating 284,8882 jobs.
As an advocate for small businesses, BBB helps business owners stay informed on the latest scams and industry news.
Here are some of the top scams targeting small businesses according to AARP:
In honor of National Small Business Week, April 30 to May 6, Better Business Bureau serving the Northwest encourages consumers to support local businesses. If you are a small business owner or employee and have been targeted by or a victim of a scam, be a hero and report it to the BBB Scam Tracker.