“Independent retailers are a cornerstone of any local economy: They serve as the foundation for thriving, sustainable communities by creating jobs, providing services, and recirculating revenue. This July, as we celebrate Independent Retailer Month, there is as much optimism as ever for the outlook of the retail industry in general. In fact, the National Retail Federation expects retail sales will grow between 6 and 8% this year — substantially higher than the 10-year, pre-pandemic growth rate of 3.7% — and small, independent retailers stand to benefit. With this level of anticipated growth, now is a great time to consider the next steps for your independent retail operation.”

Click here to read the full article from the Small Business Administration.