NASHVILLE – NFIB State Director Jim Brownsays the upcoming sales tax holidays on school supplies and food are a good opportunity for people to support local businesses still recovering from the COVID-19 economic downturn.
The sales tax holiday on clothes, school supplies and computers is July 30-Aug. 1. The sales tax holiday on food, food ingredients and prepared food is July 30-Aug. 5. Click here to learn more about both tax holidays.
“Tennessee’s economy is stronger than it was a year ago, but it may be months before small, independent businesses get back to where they were before the pandemic,” Brown said. “Small businesses do a lot to help their communities. This is a good opportunity for people to support small businesses.”
Small businesses account for 99.5% of all businesses in the state, and they employ 42.1% of Tennessee’s workforce, according to the U.S. Small Business Administration. A study by American Express found that 67 cents of every dollar spent at a small business stays in the community and creates an additional 50 cents in local business activity as employees and owners purchase local goods and services.
The National Federation of Independent Business is the nation’s leading small business advocacy organization. To learn more about NFIB in Tennessee, visit www.NFIB.com/TN.
For more than 75 years, NFIB has been advocating on behalf of America’s small and independent business owners, both in Washington, D.C., and in all 50 state capitals. NFIB is nonprofit, nonpartisan and member-driven. Since our founding in 1943, NFIB has been exclusively dedicated to small and independent businesses and remains so today. For more information, please visit NFIB.com.