welcome and introduction ed jay senior vice president, small merchants american express
TRANSCRIPT
Welcome and Introduction
Ed Jay
Senior Vice President, Small Merchants
American Express
Main Street’s Impact on the U.S. Economy
• 28 million small businesses today
• SMBs make up ½ of U.S. private GDP
• 70% owned & operated by a single person
Sources: NFIB, Small Business Monitor, SBA Office of Advocacy
Shopping Small is Becoming Big for Businesses
Shop Small Map
• $5.5 billion spent in 2012 on Small Business Saturday
• 21% YOY increase in transactions
Helping Small Merchants Grow in Challenging Times
Investing in Small Businesses
American Express-sponsored LinkedIn group dedicated to small business needs and connecting small merchants
Business Knowledge Share
The Knowledge Center
Online hub of helpful articles and videos created specifically for our small merchants
2013 Business Trends on Main Street