Why shop locally? Why should you support your local
merchants?
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Be aware
of the impact of your dollars.
A locally owned independent business returns
approximately 80% of each dollar spent back to the
community. Local, independent businesses assist the
community through a “multiplier effect”: one dollar
spent at a locally owned business will return five times
that amount within the community through city taxes,
employees’ wages, and purchase of materials and supplies
at other independent businesses. In addition, these
businesses will turn that dollar back into the community
through school funding, social services, and
contributions to local non-profit organizations. |
Chains and franchises contribute roughly 40% and at times as
little as 20% of the store’s sales back into the community
through employee wages, sales taxes, and property taxes.
Frequently, a chain store's location is owned by the larger non
local company, and the business is given tax breaks by the city
in order for shareholder profits to remain high. Locally owned
independent businesses do not receive such benefits and thus
contribute a far greater proportion of revenues to local taxes.
The disappearance of local businesses leaves a social and
economic void that is palpable and real - even when it is
unmeasured. The quality of life of a community changes in ways
that macroeconomics is slow to measure, or ignores completely.
Wherever you live... THINK LOCAL! SHOP LOCAL!
BUY LOCAL! If you are a local business owner, what
would happen to your business if local shoppers stopped coming
to you.
Something
To Think About... |
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When asked to name our favorite restaurant, cafe, or
shop, we almost always cite a unique local business
(look at the results in any "Best of" polls as proof).
We embrace the idea of distinctive businesses with local
character, but often forget their survival depends on
our patronage. It is easy for us to get so consumed by
efficiency that we forget how much of our lives we spend
eating out, shopping, and doing other business. We owe
it to ourselves to consider the quality of our
experience, and ask if we benefit when we choose a
community-based business.
Local owners with much of their life savings invested in
their businesses have a natural interest in the
long-term health of the community. Community-based
businesses are essential to charitable endeavors,
frequently serving on local boards, and supporting a
variety of causes. Yes, there are some corporate chains
that give back to towns in which they do business, but
anyone who raises funds for local non-profits will tell
you that independents are their base of support. Not all
local businesses are models to follow, and corporate
chains are not inherently bad, but the overall impacts
are clear: local businesses play a vital role in our
community that corporate chains rarely do, while chains
often even undermine community interests. |
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