Local businesses are ready for you this sales tax holiday weekend
The National Federaion of Independent Business (NFIB) Tennessee State Director Jim Brown says the upcoming sales tax holidays on school supplies and food are a good opportunity for people to support local businesses still recovering from the COVID-19 economic downturn.
The sales tax holiday on clothes, school supplies, and computers is July 30 - Aug. 1. The sales tax holiday on food, food ingredients, and prepared food is July 30 - Aug. 5.
“Tennessee’s economy is stronger than it was a year ago, but it may be months before small, independent businesses get back to where they were before the pandemic,” Brown said. “Small businesses do a lot to help their communities.”
Small businesses account for 99.5percent of all businesses in the state, and they employ 42.1percent of Tennessee’s workforce, according to the U.S. Small Business Administration.
A study by American Express found that 67-cents of every dollar spent at a small business stays in the community and creates an additional 50-cents in local business activity as employees and owners purchase local goods and services.
The National Federation of Independent Business is the nation’s leading small business advocacy organization. To learn more about NFIB in Tennessee, visit www.NFIB.com/TN.
