Wednesday, April 22, 2020

Supporting Small Businesses During the COVID-19 Pandemic

The Shop Local movement was created to shine a spotlight on the small businesses that are the backbone of our economy. With the COVID-19 Pandemic having a greater impact on smaller businesses, that spotlight has never needed to be brighter. While McHenry Savings Bank supports area business owners with programs, products, and services, we encourage everyone in the community to do their part. Let’s explore why small businesses are so important for our communities and how you can safely support them. 

Community Pride: Small businesses help create a unique identity for which residents  can be proud f. From coffee shops and restaurants to banks and local establishments, these businesses are a part of a community’s history and add to the culture of towns and the people who live there.

Community Support: Small business owners succeed with the support of their communities, and tend to be aware that their decisions impact their neighbors in turn. With this in mind, local business owners are usually involved in the community. They sponsor little league teams, donate to shelters and charities, and join the chamber of commerce to improve their community as a whole.

Community Jobs: There are 30.2 million small businesses in this country—that’s 99.9% of all businesses in the United States! These small businesses create jobs for local residents. That means that when you shop local, your money is supporting your community and helps keep these businesses open and keep your neighbors employed during the pandemic instead of creating a tiny profit for a CEO in a different part of the country. 

This is an unsure time and many businesses are struggling to make ends meet while they’re in various degrees of “open.” Not sure of how you can support local businesses while trying to keep your community healthy and safe? Here are a few ways you can help.
  • Visit the McHenry Area Chamber of Commerce and other area chamber websites to keep up-to-date on business news and resources.
  • Ordering Pick-up/Delivery from local restaurants.
  • Following local businesses on social media and giving them positive reviews and recommendations.

Now more than ever, McHenry Savings Bank is committed to our customers and our community. Whether you are a small business or a local family, MSB is here to help with your personal or commercial banking needs to get you through these difficult times. Visit our website to learn more about the services we offer and how we are meeting your needs during the COVID-19 epidemic or call us at 815-385-3000.