Sam's Club(R) Savings Drive to Help America's Small Businesses Succeed

Sam's Club is working for America's small business owners, and starting today many associates are committing to visit 100,000 small businesses to help identify ways they can lower their costs and thrive. The program is call the Sam's Club Small Business Savings Drive, and is a part of a campaign that operates during the National Small Business Week on May 22. The goal is find small business owners at least $270 million in savings by drawing a comparision between similar products in the small business versus Sam's Club.

This move is an excellent idea, since the success of small businesses is key to this country's economic survival. Sam's Club is demonstrating that it wants to be a part of America's solution.
Last month, President Obama outlined a small business recovery program that included tax/spending funds of more $1 billion. Of that, $720 million will be allocated for Small Business Administration programs, as well as loan guarantees (declined 57% YTD). Small businesses actually generated 60-80% of new jobs annually and employ about half of the worker's in the US.

Sam's Club is demonstrating a great understanding in American business, showing how important collboration between large and small businesses are to the stability of the US economy. If small businesses can stay afloat by cutting costs (shown by Sam's Club) and thus having the funds to grow and hire new workers, more people in the US could go back to work.

Sam's Club's actions could turn out to be a win-win for all. More job creation from small businesses means lower unemployment and higher consumer spending, creating more people with the ability to shop- maybe at places like Sam's Club. This new collaboration is a positive trend and I hope it will continue throughout the next phase of America's recession.