National Small Business Week April 29-May 5
Washington, D.C. (May 1, 2018)—The Independent Community Bankers of America® (ICBA) is lending its voice to the thousands of organizations nationwide encouraging Americans support their local economies during National Small Business Week (April 29 – May 5). More than half of Americans either own or work for small businesses, which create roughly two out of every three new jobs in the U.S. each year.
“Small Business Week celebrates the entrepreneurial spirit and the visionaries whose ingenuity and tenacity drive innovation and serve as the backbone of our nation’s economy,” said ICBA Chairman Timothy K. Zimmerman, CEO of Standard Bank in Monroeville, Pa. “Community banks serve as financial incubators for start-ups and trusted financial advisors for more established small businesses. As an industry, we are so proud to support this critical source of job creation for our country.”
Community banks are prolific small business lenders, making more than 60 percent of all small businesses loans under $1 million in assets. Community banks were also rated as a preferred lender for small businesses, according to a Federal Reserve 2016 Small Business Credit Survey: Report on Employer Firms.
A longtime supporter of America’s small businesses, ICBA hosts Go Local Wednesday every third Wednesday of the month. The initiative encourages consumers to visit locally owned and operated businesses and restaurants to support community entrepreneurs. By shopping, dining and banking locally, consumers can align with their community bank to put their money to work to help bolster local economies.
Learn more about community banks at www.icba.org. For more on National Small Business Week, visit www.sba.gov/nsbw/index.php.
The Independent Community Bankers of America®, the nation’s voice for nearly 5,700 community banks of all sizes and charter types, is dedicated exclusively to representing the interests of the community banking industry and its membership through effective advocacy, best-in-class education and high-quality products and services. For more information, visit ICBA’s website at www.icba.org.