Businesses supporting democracy is not a political declaration but about ensuring a stable, healthy economy. The upcoming election is a nonpartisan issue, and businesses have a unique role in protecting the democratic process since the economy’s strength is fundamentally tied to the health of the nation’s democracy.
Democracy Fuels Economic Growth
Free and fair elections, the rule of law, and the protection of individual rights are the foundation of democratic systems. These principles create an environment where businesses can thrive. A well-functioning democracy provides predictability and stability, essential for long-term economic growth. This allows businesses to innovate, invest, and expand with confidence.
The Threat to Economic Prosperity
A political system that undermines the rule of law, erodes trust in institutions, and threatens economic prosperity can cause harm to more than just the political environment; it can cause a volatile economic environment that stifles innovation and discourages foreign investment.
Some business leaders may be hesitant to engage with the issue of democracy, fearing it may be seen as political or partisan. However, businesses supporting democracy is not about endorsing any particular party or candidate.
Defending democracy is essential to their business’s long-term success by maintaining a system that allows them to operate, compete, and grow without fear of political interference.
The Business Community’s Role in Defending Democracy
The business community plays a crucial role in supporting the democratic process by focusing on protecting the institutions that make free markets possible.
Here are a few ways businesses can contribute:
- Support Free and Fair Elections: Businesses can advocate for policies that ensure the integrity of elections. This could include support for voting rights, election security measures, and nonpartisan voter education programs.
- Educate Without Bias: Like nonprofits, businesses can engage in nonpartisan voter education. This can involve hosting forums to discuss economic policies or simply providing information on how elections work, focusing on down-ballot races that can significantly affect local economic environments.
- Promote Civic Engagement: Encouraging employees to vote and providing time off on Election Day fosters a culture of civic responsibility. Some companies also can provide information on how and where to vote, completely independent of any partisan affiliation.
Support democracy by joining Michigan Business United for Elections, a collaboration between the Detroit Regional Chamber and the Michigan Department of State where businesses can actively preserve the foundation that enables economic success.
To learn more and join Michigan Business United for Elections, visit detroitchamber.com/2024-elections.