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ISSUES

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BUSINESSES

Businesses are extremely important to this country! Because of companies, we can find goods and services. Because of industries, we can find a job opportunity. I am not willing to sit around and watch businesses go under because they cannot afford to keep their doors open any longer. We all know that companies are a way of life. Small businesses are the lifeblood of the U.S. economy. They create two-thirds of the net new jobs and drive U.S. innovation and competitiveness. The average small business GDP was measured at $5.9 trillion in 2014, the most recent year of which remote business GDP data was available. The three largest small business sectors contributing to it were (1) the real estate and rental and leasing industry, (2) wholesale and retail trade, and (3) the manufacturing and mining sector.


"Small, locally owned businesses and startups tend to generate higher incomes for people in a community than big, non-local firms, which can depress local economies", said Stephan Goetz.


Innovation


Small businesses and startups have provided more than just a job for community members. They also can improve innovation and productivity and use other companies in the community, such as accounting and wholesalers, while larger businesses develop their infrastructure.


Corporate social responsibility is a big issue in the current climate. Consumers expect businesses to do more and help others while also providing the best products and services. People are placing increasingly great importance on supporting their community and want to see that the companies they use are doing their bit. Fortunately, there are many things all firms can do to keep their customers happy and aid the local area.

My proposal

Keeping Our Businesses Safe

Keep Small Businesses Growing Locally

Create More Local Jobs In Our Communities

Making Decisions Through Data Analytics

Keeping Our Businesses Safe

Businesses are what keeps this economy growing. We need to protect these companies during this pandemic. We have lost so many small businesses due to the business owner not making any profit to pay their employees and laying off so many people because they cannot afford to keep their business going. We found that companies, mainly those small businesses, regardless of location, have reported acute economic hardship, with many retirement accounts and personal assets being used to cover their operating costs through the crisis. Small businesses in commercial corridors have benefited from their physical locations to primarily the same extent. Small businesses for those in the rural commercial galleries and main streets more often leveraging a place to attract customers visiting other attractions in the area. We need to protect and keep our businesses safe and keep their doors open.

Keep Small Businesses Growing Locally

Right now, we see many small businesses not making enough funds to keep their doors open. We need to make sure that they have the funds to keep their business open. Small businesses are a way to serve the economy and keep us going back and grow their business. What would our communities look like if we had no small companies? Take a moment to imagine that. There would be no way. Small business owners are trying so hard to keep their doors open to the public during this pandemic. We need to give them the funds to help them as they support our communities.

Create More Local Jobs In Our Communities

The goal of all job creation strategies is to stimulate healthy economic growth. Jobs do much more than provide income, services, and goods. They allow families better access to amenities like safe water and reliable energy, freeing up time and money and improving health and education. Businesses benefit from investing in job creation as well.

Increasing employee earnings leads to a higher consumer spending rate, which benefits other businesses who depend on consumer sales to stay open and pay vendors. Funding local areas to those who want to start their own business will be able to put money directly into our hands, create more jobs, build trust, economic growth, and maintain hope and satisfaction.

Making Decisions Through Data Analytics

"Artificial intelligence (AI) faced a much more challenging task. Work on AI was initiated in the 1950s, but it has been crowned with spectacular success to date. It was then a lesson in humility for the academic environment and proved how complex and refined human intelligence is. Nevertheless, thanks to those attempts, numerous algorithms for supporting real decision-making processes were worked out that go far beyond the capabilities of decision support systems", according to Jerzy Surma.

Analytics allows for better planning and insight based on the patterns of their customers. Companies that fully utilize their customer’s behaviors to make decisions outperform their competition by a whopping 85%! Those same businesses also experienced an increase of 25% in their profits.

With all of that in mind, we can keep making these decisions through data analytics, which will help businesses. AI will come, and maybe sooner rather than later. Robots will replace working people, and so many will lose their jobs in the coming years. We need to put a plan in place to put money directly into the American people's hands. As I adopt the proposal of Universal Basic Income, this will do just that. We can all come together and keep fighting for a UBI. Together is robust decision-making. We can let our voices be heard and fight for the right to justice for all.

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