MONTGOMERY
– The upcoming sales tax holiday will be a big help to small businesses
still struggling to recover from the recession, says Rosemary Elebash, state
director of NFIB/Alabama, the state’s largest small-business association.
This year's holiday is Aug. 5-7.
“Our country may be
two years into the economic recovery, but small-business owners are still
worried, especially when it comes to consumer spending,” Elebash said.
Weak sales continues to rank as the No. 1 challenge facing the nation’s
small businesses, according to NFIB’s Small Business Economic Trends Report
for July. (Click
here to learn more and download the full report.)
“The sales-tax holiday is really going to make a difference, because it’s
going to help families stretch a dollar," Elebash said. "It's going to put
people in the mood to spend, and we’re hoping they’ll use this opportunity
to support the local economy and shop at small businesses. Small business is
what drives Alabama's economy,” she
said.
According to the most recent figures from the U.S. Small Business
Administration, small businesses account for 97 percent of all employers in
the state and employ about half of the state’s private-sector workforce.
“The bottom line is that the more we can increase
consumer spending at our small businesses, the more jobs we can save and
create, and the faster our economy will see a real recovery,” Elebash said.