Scott Lieberman of Bergenfield, New Jersey is an entrepreneur and lifelong resident of the area. In the following article, Scott Lieberman discusses how locals and visitors alike can help support small businesses in Bergenfield, as well as how these small but mighty companies are revitalizing their local economy.
The heartbeat of any thriving community lies in its small businesses. These local establishments not only provide essential products and services to their customers, but they also serve as the backbone of the economy, driving growth and prosperity. From cozy neighborhood cafes to family-run boutiques, these small establishments help to form the unique character and charm of the local area.
They create job opportunities, foster entrepreneurship, and keep revenue circulating within the community, leading to a robust and sustainable economy. By supporting these organizations, we invest in the vitality and resilience of our community, ensuring a brighter future for all.
From supply chain disruptions to labor shortages to environmental concerns to social distancing measures, the coronavirus pandemic devastated small businesses around the world — those in Bergenfield included. The challenges, some of which endure even today, were enough to cause many to permanently shut their doors.
However, these small enterprises are vital for the local economy to thrive. Thus, the government implemented certain methods in order to help them reopen and thrive.
Scott Lieberman of Bergenfield Explains the Importance of Small Businesses for the Local Economy
Across the nation, small businesses create 1.5 million jobs every year and make up around 64% of new roles, according to the Small Business Administration. The same applies to local communities.
Scott Lieberman of Bergenfield, New Jersey says that the economic contributions of small businesses in Bergenfield are especially substantial. By shopping small, locals don’t just help out the business owners; they also aid their community’s economy. Estimates show that when spending $100 at a local business, roughly 68% stays within Bergenfield’s economy, whereas spending the same amount at a large corporation would only see 48% remain.
On top of that, many small businesses contribute charitably and innovatively to their community. Research on the nation’s small business population shows that approximately 52% of owners donate to charity, with nearly half giving up to $1,000.
Scott Lieberman of Bergenfield, New Jersey explains that the importance of such establishments for Bergenfield’s economy is truly unparalleled.
Committed to Helping Small Businesses for the Greater Good of Bergenfield
Owning a small business can be challenging, and the pandemic only raised the stressors to all-new heights with supply chain problems, labor shortages, and restrictive social distancing measures.
Scott Lieberman of Bergenfield, New Jersey notes that, thankfully, official agencies recognized these struggles and understood the cruciality of small businesses to the local economy. Therefore, they’ve created a myriad of initiatives to help these entities thrive, like:
- I-Corps at NIH Program for Small Business Innovation Research and Small Business Technology Transfer – Gives eligible Bergenfield small businesses up to $50,000 in funding.
- The Small Business Innovation Research Program Phase II – Assists small businesses in the science, technology, and research fields.
- The Bergen County ARP Small Business Grant Program – Helps those with less than five full-time equivalent employees that are registered as a Women Business Enterprise, Veteran-Owned Small Business, Minority Business Enterprise, or a Service-Disabled Veteran-Owned Small Business.
Scott Lieberman of Bergenfield, New Jersey explains that these programs and grants provided by Bergenfield to its small businesses are to lessen the finance and labor strains placed on them by the unprecedented coronavirus pandemic, all in this huge effort to rebuild the local economy.
Bergenfield Small Businesses: Adapting to Thrive in Post-Pandemic Life
In Bergenfield, New Jersey, small businesses play a vital role in the fabric of the community not only as providers of goods and services, but also as engines of job creation and economic growth. As the community emerges from the challenges of the pandemic, these resilient small businesses are leading the way towards a brighter future.
Their unwavering dedication to their craft and commitment to customer satisfaction are instrumental in revitalizing the local economy. Moreover, these businesses also give back to the community, fostering a sense of unity while supporting local initiatives. By patronizing these establishments, we contribute to the thriving ecosystem of Bergenfield, ensuring its prosperity for years to come.
Fortunately, Scott Lieberman of Bergenfield, New Jersey says that many smaller companies in Bergenfield have taken advantage of the grants available to them to adapt to the “new normal.” Taking innovative steps not just to survive, but to thrive, following the pandemic has been integral for the community’s beloved businesses.
Scott Lieberman of Bergenfield, New Jersey also notes that the transition to hybrid work was quite tricky to navigate for many. However, local companies handled it with relative finesse, securing their success in Bergenfield’s future. Not only that, but they also upscaled their workforces to ensure their employees were ready and willing to take on the challenges forced upon them by unforeseen circumstances.
With the continued help of the small business programs, it’s only an upward trajectory from here.