As the co-owner of a small business, I know firsthand the wonderful and important role small businesses play in communities across our nation. Small businesses drive our local economies, fuel innovation and provide opportunities where they may otherwise not exist, creating two out of three new jobs in the U.S. every year.
The economic health of our communities depends on the success of our small businesses. We have seen that here in Mooresville, N.C., where JR Motorsports has proudly called our home for years. In order for a small business to succeed, it’s important they be allowed to flourish, not held back by rising costs. When the costs of doing business increase, small business owners are forced to make sacrifices to keep their operations afloat.
Electricity is one of the most critical components of a modern business, powering everything from a garage full of machinery to the heat and air conditioning that keep us warm in the winters and cool in the summers. Small business owners rely on low-cost, predictable electricity rates to balance budgets and invest in future growth.
The team at JR Motorsports knows that rising electricity rates affect our bottom line. The last thing my brother Dale Jr. and I want to worry about is choosing between hiring a new team member and keeping the lights on. We’re glad that North Carolina’s electricity rates are nearly 11 percent lower than the national average, due in part to our state’s use of coal.
I’m grateful for an abundant energy resource that can reliably power not just my business, but small businesses across the U.S. I’ll be back with a guest blog post in June, but until then be sure to learn more about affordable, reliable coal-based power, and keep watching the JR Motorsports team each race weekend.