Local businesses are a critical part of each and every community across America—these “Store Fronts” are the businesses that keep communities vibrant and growing. And they’re growing—making a strong recovery in the wake of the financial crisis, as we discovered in the brand new Store Front Business Index, a collaboration between CAN Capital and PYMNTS.com which assesses just how well these 3.4 million “Store Front” establishments are doing.
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Small Businesses are a critical part of each and every community across America. They are the Store Fronts and Services that we visit, we tell our friends about and that we support. It’s where we go to find a gift for a special someone. Or pick out the flowers for a wedding. Could be a visit to a tax accountant or a butcher. Regardless of the reason, these are the businesses that keep communities vibrant and growing. These businesses are not just the prototypical definition of small businesses. They are a subset. They are the backbone of our communities – across the U.S. The leaders within our Chambers of Commerce. Our friends, our neighbors.
This subsection of small business has made a strong recovery in the wake of the financial crisis. CAN Capital, one of the leading alternative providers of capital to small business, and PYMNTS.com will measure the state of Store Front Businesses quarterly to assess just how well the 3.4 million business establishments that fit that description are doing. The CAN Capital Store Front Business Index powered by PYMNTS.com, not only measures the vibrancy of these businesses quarterly but the local economies in which they operate.
[/vc_column_text][vc_row_inner][vc_column_inner el_class=”” width=”3/4″][vc_text_separator title=”What Is A Store Front Business?” title_align=”separator_align_left” align=”align_center” color=”grey” style=”” border_width=”” el_width=””][vc_column_text]The 3.4 million Store Front Businesses that are analyzed in this Index represent 36.7 % of small business establishments and 27.6% of employees in the U.S.
“Store Front” businesses are defined as those who drive the local economies of the cities and towns in the U.S. and consist of businesses in 8 segments that typify the local small business enterprise:
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