Small Business Saturday® Helps Local Business Owners and Their Employees Plan for the Future
Between 1993 and 2011, small businesses helped create 64 percent of net new jobs* in the United States, according to the Bureau of Labor Statistics. Even during the economic downturn, small businesses pushed economic growth, accounting for 67 percent of net new jobs*. Clearly, small businesses are the backbone of the U.S. economy, helping to strengthen our communities and create new opportunities for a talented workforce.
Rick Pennepacker, owner of Penny's Flowers, a small business in Glenside, Pa., is looking forward to the positive impact this day will have on his store and community. "Penny's Flowers is participating in Small Business Saturday. The goal is to get everyone together. You want to shop at one another's stores and support your neighbors across the street."
"Small business owners can easily and conveniently plan for their future. By offering retirement savings benefits, small businesses can help attract and retain their greatest asset—their employees," said Moneesh Arora, senior vice president and general manager of ADP's Retirement Services division. "In turn, when their employees are actively contributing to retirement savings plans, they are in a better position to contribute to their own financial growth while also contributing to the growth of their local communities."
"We want our employees to be happy to come to work. If you have a happy employee, you have a great employee. We want to make sure they are growing like the business is growing," Pennepacker added.
To learn more about Small Business Saturday, click here or visit: https://www.americanexpress.com/us/small-business/Shop-Small/
For more information on ADP Retirement Services, visit www.adp.com/401k or call 800-432-401k.
*Source: Small Business Administration, Sept. 2012, http://www.sba.gov/sites/default/files/FAQ_Sept_2012.pdf
With more than $11 billion in revenues and more than 60 years of experience, ADP® (NASDAQ: ADP) serves approximately 620,000 clients in more than 125 countries. As one of the world's largest providers of business outsourcing and human capital management solutions, ADP offers a wide range of human resource, payroll, talent management, tax and benefits administration solutions from a single source, and helps clients comply with regulatory and legislative changes, such as the Affordable Care Act (ACA). ADP's easy-to-use solutions for employers provide superior value to companies of all types and sizes. ADP is also a leading provider of integrated computing solutions to auto, truck, motorcycle, marine, recreational vehicle, and heavy equipment dealers throughout the world. For more information about ADP or to contact a local ADP sales office, reach us at 1.800.225.5237 or visit the company's Web site at www.adp.com.