When you shop at Lexington’s locally owned businesses you are not just supporting the business owners. You are helping our community to thrive.
Small business is the engine of the U.S. Economy. According to the U.S. Small Business Administration, 23 million small businesses in America account for 54% of all U.S. sales and these businesses provide 55% of all jobs and 66% of all net new jobs since the 1970.
Even more importantly, Lexington's locally owned and operated small businesses contribute to the strength of the town's economy through the local multiplier affect. According to the American Independent Business Alliance, studies have shown that locally-owned restaurants return twice as much revenue to a local economy as national chain restaurants. Independent retailers return more than three times as much money per dollar of sales than big box stores and other national chains.