The Importance of Supporting Small and Minority Owned Businesses WPMT Yor PA

The Importance of Supporting Small and Minority Owned Businesses
Expert explains their benefit to community, economy and culture

York Dispatch 1-29-14 U.S. Sen. Pat Toomey, R-Pa says “There are ways to create jobs and a more robust economy where all incomes rise — for women and men, upper and lower income, everyone. For instance, I have a bill with Democratic Senator Menendez to help small business grow and hire workers. I support tax reform that would spur economic growth and enable American workers to compete successfully against foreign workers.”

Small businesses are a critical component of every local economy, they create job opportunities, fuel the movement of local goods and services and act as the building blocks for neighborhoods to grow and thrive.

Stephen Ng (Ning), Founder and Manager of the Essex and Union County Business Networking Group and President of NG Financial Group, brings your audience key reminders of why they should continue to support small and minority owned businesses in their communities and beyond.

• Community Well-Being and Growth: How locally owned businesses build communities by populating vibrant town centers, involve neighbors in economic and social relationships, and contribute to local causes.

• Keeping Dollars in The Local Economy: Compared to national businesses; locally owned businesses disperse much more of their revenue back into the local economy through their suppliers, service contracts, hiring and community outreach.

• Environmental Sustainability: Local businesses take up far less space and infrastructure resulting in more manageable use of energy resources, recyclable materials and better use of land which cuts down on habitat loss, air and water pollution and waist.

• Product Diversity: Especially with the minority owned businesses, local businesses owners select their products based on their consumer’s needs and not a national sales plan. This guarantees a much broader range of goods and services and brings culture and a personal touch to the communities they serve.

The York County Economic Development Alliance has some great resource for existing businesses and those considering starting a business. From funding, site location and development to planning and hiring. has an amazing business support page: Workshops, merchant news, demographics and more. Another great resource:

About Stephen Ng (Ning)

Stephen Ng is the Founder and Manager of the Essex and Union County Business Networking Group and President of the NJ Based Stephen Ng Financial Group™. As Manager of the Essex & Union County Business Networking Group, he leads more than 1,700 business professionals, helping them to grow and make positive contributions to the community. Stephen received his Bachelor of Commerce Degree in Finance and Accounting from the University of Western Australia in 1985. In 1984, he was the scholar of the year for outstanding performance in Kingswood College. He is an active member in the National Institute of Certified Estate Planners and Christian Financial Professionals Network. Stephen is married and has 3 children. They reside in Short Hills, New Jersey. He serves as a Deacon at Trust In God Baptist Church in New York City. Stephen is a Chartered Life Underwriter, Chartered Financial Consultant and a Certified Estate Planner.