This is an in-depth look at all the must-know facts about Micro Small and Medium Sized Enterprises Day (2024) 🗓️ that no one tells you about. Micro Small and Medium Sized Enterprises Day is observed on June 27th.
Among the information you’ll find below: the history of Micro Small and Medium Sized Enterprises Day, activities to do on and how to observe this holiday, as well as intriguing facts you might want to know about Micro Small and Medium Sized Enterprises Day.
📅 What day is Micro Small and Medium Sized Enterprises Day 2024?
In 2024, Micro Small and Medium Sized Enterprises Day is on Tuesday, June 27th. It is the 4th Tuesday in June; in 2024, it is Thursday. There are until the next observance. You also can explore all the fun details and facts about June 27, 2023, that you might not be aware of.
On the 27th of June, we celebrate Micro, Small, and Medium-Sized Enterprise Day, which is dedicated to recognizing and honoring businesses that employ 250 or fewer people. These types of enterprises make up more than 90% of all businesses worldwide and are responsible for over 70% of all jobs. Additionally, they contribute to half of the world’s GDP, making them vital to our economy. This special day is supported by the United Nations General Assembly with the aim of raising public awareness about the significant role these enterprises play in long-term growth and the global economy. It also seeks to provide support and assistance to SMEs during times of crisis, ensuring their survival and resilience.
📜 Micro Small and Medium Sized Enterprises Day History
The United Nations organized three events in 2021 to recognize the important role that businesspeople play in boosting the global economy. The first event, called “Empowering the Green Recovery,” focused on how small and medium-sized enterprises (SMEs) can navigate through crises and challenges. Entrepreneurs from various countries, including Argentina, Ghana, Indonesia, Kenya, and Senegal, participated in this truly international gathering.
It is projected that the increasing workforce will require 600 million new jobs by 2030. Governments worldwide now prioritize the support and growth of micro, small, and medium-sized businesses. Data shows that seven out of ten jobs are generated by these types of businesses, and SMEs account for 98% of all exports from the United States. It is crucial, therefore, to preserve and encourage the success of SMEs due to their significant impact.
✅ Micro Small and Medium Sized Enterprises Day Facts
🔖 The workforce is growing
By the year 2030, the world would need to create over 600 million additional job opportunities in order to meet the growing demands of the global workforce.
🔖 They support locals
Micro, small, and medium-sized businesses tend to prioritize hiring individuals who face limited employment opportunities, such as young people, older workers, and those without specific skills.
🔖 They create the most jobs
Most of the jobs that follow formal employment arrangements are generated by businesses that fall into the categories of micro, small, and medium-sized enterprises.
👍 Why Is Micro Small and Medium Sized Enterprises Day Important
Micro, small, and medium-sized businesses boost local service demand. This is beneficial to the local and regional economies.
They generate a large number of jobs and revenue.This contributes to poverty alleviation.
On this day, we want to recognize the significant accomplishments and success rates of micro, small, and medium-sized businesses. It’s incredible how much market share these small businesses have amassed.
🙂 How To Observe Micro Small and Medium Sized Enterprises Day
⚡ Educate yourself
⚡ Participate in an event
The International Trade Center, the International Labor Organization, the United Nations Industrial Development Organization, and the World Bank offer both virtual and physical events for businesses. Participating in these events can be beneficial for the growth of your small business.
⚡ Support SMEs
Watch one of the United Nations Micro, Small, and Medium-sized Enterprises Day films to learn more about the power of SMEs. There are several internet resources.
📅 When is Micro Small and Medium Sized Enterprises Day?
| YEAR | DATE | DAY |
| 2024 | June 27 | Thursday |
| 2025 | June 27 | Friday |
| 2026 | June 27 | Saturday |
| 2027 | June 27 | Sunday |
| 2028 | June 27 | Tuesday |
Discover all 🔗 June holidays, including 🔗 Cause and other 🔗 American holidays.
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