The discussion of big business versus small business is more than a personal issue. It is a discussion that involves the personality of each region and the importance of small businesses in the future growth of this country. In New York City, there is a movement to gentrify portions of the city and allow big business to have prime real estate to expand operations. All of this is being done at the expense of small businesses and communities, and it does not necessarily mean that there will be an improvement if big business takes over.
The Importance of Small Business
According to Forbes Magazine, there are 28 million small businesses in the United States that employ 120 million people. That means that small business employs more than 50 percent of the entire American workforce. Approximately 22 million small businesses are single-person operations that have no employees. That means that there are millions of Americans who put their entire lives into running a business they built from the ground up.
A small business is one person’s way of preserving their beliefs, traditions, and ways of life. A small-business owner can create any kind of work culture they want, they can give back to the community in many different ways, and they can reward the community when they hire more employees as the business grows. A small business becomes reliant on the community for its identity and its survival. In this way, the community and small business develop a relationship that is mutually beneficial.
The Problem With Big Business
A big business that is based in a large city does not understand or care about the traditions of a small town. In most cases, large corporations are only concerned with increasing profit margins. To do this, the large business will pay low wages, import its supplies instead of buying locally, and find ways to cut costs that could involve damaging the community. For example, a factory might use a local lake as a place to dump its waste, and it can do so by getting a permit from the city.
The big business has no accountability to the local community, and it does not take on the identity of the community. The people who make the decisions in large corporations rarely live and work in the small town where their corporation has a location because that location is just one of thousands all over the world.
The Dangers of Gentrification to New York State
America has been known for its small towns and its “Main Street” ideals for a very long time. By allowing gentrification throughout New York state, many small communities will lose those small businesses that keep the small-town atmosphere alive. If people do not stand up to gentrification, then they could lose their jobs, their traditions, and their very ways of life.