The gradual move from the Industrial Age into the Information Age has had a drastic effect on communities globally. Locations that provided work through mining and manufacturing have taken a knock, unemployment and despair is rife in places that were once vibrant and full of hope. It has been recognized that the greatest remedy to stagnant economies is the rise of small and medium enterprises, in the United States.
The 2012 U.S. Census found that companies that employ less than 500 people made up 99.7% of the 5.73 million employer firms in the U.S. Clearly small businesses are what is needed to stimulate growth, and what small businesses need is support from us as the consumer.
A test case for supporting local, U.S.-based businesses is Detroit. The Economic Innovation Group has ranked Detroit as the most distressed city in the United States, based on a number of criteria. The glory days of the motor industry are over, resulting in bankruptcy for the city.
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By: Mike Axe, American Made Matters
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