Arkansas SBDC: E-News - Small Businesses Are Big Contributors to Communities

1/24/2005

Small Businesses Are Big Contributors to Communities
by Timothy Lee, Associate Extension Specialist, UALR Lead Center

American small businesses donated about $40 billion to their communities during 2004 according to a survey by the NFIB Research Foundation. Cash contributions came from 70 percent of small-business owners, one in 10 of whom donated more than $10,000. The average cash donation was $3,600. A similar share provided in-kind contributions averaging $4,000 each.

Employees of small businesses are active too. The survey found that groups of workers in 39 percent of the companies polled volunteer on behalf of, or in the name of their employer.

Access the complete survey at:
http://www.nfib.com/object/contributions.html

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Index of 2005 articles

Arkansas Small Business and Technology Development Center
University of Arkansas at Little Rock - College of Business
Donald W. Reynolds Center for Business and Economic Development
2801 S. University / Little Rock, Arkansas 72204
Phone: 501.683.7700 Fax: 501.683.7720
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The Arkansas Small Business and Technology Development Center is funded in part though a cooperative agreement with the U.S. Small Business Administration through a partnership with the University of Arkansas at Little Rock College of Business and other institutions of higher education. All opinions, conclusions of recommendations expressed are those of the author(s) and do not necessarily reflect the views of the SBA. It is the goal of UALR to eliminate discriminatory harassment and to promote equal opportunity regardless of race, gender, color, national origin, sexual orientation, age, religion, veteran's status or disability.