Buying local is more than just a trend. It’s imperative for healthy, vibrant communities. Successful communities are nurtured by local businesses. When dollars are spent locally, they are more likely to be recirculated locally, raising the overall level of economic activity, paying more salaries and building the local tax base.
Here are some of the top reasons to go local:
- Enjoy the Economic Benefits
- When you spend your money with local businesses, you help pump money back into the local economy through taxes, payroll, and purchases. This means more money for our roads, education, health and wellness resources, other services, new jobs, libraries, and more. Most local business owners agree that money made in our community should stay in our community.
- More of Your Money Stays in Your Community
- For every $100 spent locally, at least $68 of that stays in the local economy. That means each dollar you spend at an independent business returns three times more money to your local economy than a dollar spent at a national chain. – Source: “The Multiplier Effect of Local Business Ownership” by consulting firm Civic Economics
- Create Jobs
- Local businesses not only employ more people directly per dollar of revenue, but they are also customers of other local businesses! Think accountants, lawyers, attorneys, printers, farmers, makers… The list goes on and on!
- Lower Taxes
- Shopping local puts less demand on roads, sewers, and safety services. Local businesses also generate more tax revenue per sales dollar. – Source: Fiscal Impact Analysis of Residential and Nonresidential Land Use Prototypes by Tischler & Associates, July 2002.
- Keep Your Community Unique and Attractive
- Think of your favorite neighborhoods and Main Streets. What makes them appealing to you? Surely, it isn’t all the chain stores. No! It’s the different shops, the great restaurants, and invested business owners that keep neighborhoods and Main Streets desirable destinations.
- Connect with Your Neighbors
- Buying local connects producers and consumers in a way that national companies just can’t. Local ownership means roots in the community and influence in decisions effecting our lives and our local environment. The stronger the relationship between our residents and our job creators, the greater the opportunity for healthy, vibrant communities.
- Help Create a Healthier Environment
- Independent, locally owned businesses typically consume less land, carry more locally-made products, and are located closer to their customers creating less traffic and air pollution. –Source: “Neighborhood stores: An overlooked strategy for fighting global warming”by Stacy Mitchell, Grist.
- Increase Donations to Local Causes
- Studies show that local businesses donate twice as much money to local causes as national chains and foundations. –Source: Business Contributions to Community Serviceby Dr. Patricia Frishkoff of Oregon State University, 1991