<ul data-eligibleForWebStory="false">SMB Media Labs group at Intuit releases small business advertising trends report focusing on the best local advertising for small businesses.51% of SMBs plan to increase ad spending this year, with average ad budget around $78,000.Key reasons SMBs plan to increase ad spending include targeting audience, improving ROI, and competing with larger firms.Research shows correlations between media spending, revenue growth, industry type, and firmographics in small business advertising.