MS's Sales Tax Holiday Opportunity to Support Small Businesses

Date: July 27, 2020

NFIB State Director Dawn Starns says this weekend’s sales tax holiday on shoes and clothes is a good opportunity for people who support local businesses still recovering from the COVID-19 shutdown.

“This is a great opportunity for people to support local merchants still recovering from the economic shutdown,” Starns said. “When you support small, independent businesses, you’re supporting the local economy.” According to a study from American Express, 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. 

“Without our support, some of the local businesses that had to close temporarily because of the coronavirus might have to close for good,” she said. 

A survey released today by the NFIB Research Center says economic conditions are putting significant stress on the financial health of many small business owners struggling to balance lower sales, and expenses, and longer-term sustainability. About 23% of small business owners report that they will have to close their doors if current economic conditions do not improve over the next six months.

“Small business is what powers our economy,” Starns said. “Small business creates jobs and keeps our communities strong and healthy. When you help small businesses, you help everyone.”

To learn more about Mississippi’s sales tax holiday, visit http://www.dor.ms.gov.

Related Content: Small Business News | Mississippi | Taxes

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