Why Buy Local?
Did you know that for every $100 you spend at a local business, $73 will stay right here in our local economy? Did you know that for every $100 you spend at a non-locally owned business, only $43 will stay in our local economy? So what does that mean, and how does it affect our entire community and you as an individual?
It means that because small and local businesses are the backbone of our economy and supply over 80% of the jobs in the United States, not only would buying local keep our families employed, but it will re-circulate the dollars we spend in our communities seven times. So the more dollars we keep here, the more dollars that will circulate. The more dollars that circulate the better ability we have as a City to provide essentials like public safety, parks, clean neighborhoods and utilities that are important for each individual in our community. It truly is about understanding how and where we spend our hard earned dollars that will stimulate our economy and allow our community to prosper.
Top Ten Reasons to Buy Local
1. Simple Economics
Every dollar spent at a local business will re-circulate at least seven times. Not to mention that 45 cents of every dollar will actually stay here, while only 15 cents of that same dollar will stay here if spent at a non-locally owned business.
2. Local Businesses Supply the MOST Local Jobs
Over 80% of the jobs in the United States are provided by small and local businesses. If every individual made a conscience effort to buy local, our employment rates would rise exponentially.
3. A Friend of the Environment
Local businesses tend to make more local purchases which equals less travel, less congestion and most importantly, less pollution in our air.
4. Local Businesses Define our Community’s Character
The local business community is a reflection of our community, our culture and the environment of those that live here, so it helps define who we are. This is not only good for those of us that enjoy living here, but is attractive to those that visit.
5. When Local Businesses Succeed, Competition Thrives
If we could live in a community where buying local was on the top of everyone’s mind and we as a community made conscience decisions to buy local, entrepreneurs would emerge, more businesses would open and the consumer’s choice would multiply.
6. Creates a Stronger Community
Local businesses on average invest more in non-profit organizations whose mission is to carry out the vision of our communities. As a whole, our community becomes stronger.
7. Local Businesses Make a Good Use of Your Tax Dollars
Local businesses require little infrastructure investments and have a better understanding how to make more efficient use of public services compared to larger/chain retailers.
8. Better Customer Service
Local businesses tend to hire local people who are familiar with the community have good relationships with their customers.
9. Local Businesses Settle in Their Communities
When local businesses find success in our community they stay and they thrive. So even if they do expand and headquarter elsewhere, their base and their pride remain local.
10. It’s Just Good Business
Buying local is much like what we do to give back to our communities- whether it’s being active in the PTA, local non-profit organizations, donating to philanthropy events through both our time and resources we constantly strive to make this a great community. So why not make a conscience decision to buy local?