1. Keep money in our community: Significantly more money re-circulates locally when purchases are made at locally owned, rather than nationally owned businesses. This multiplier is due in part to locally owned businesses purchasing more often from other local businesses, service providers and farms. Purchasing local helps grow other businesses as well as the local tax base. (A 10/04 study shows that locally-owned businesses generate a premium in enhanced economic impact—For every $100 spent at a locally owned business, $45 goes back into the community and our tax base. For every $100 spent at an out of state business, only $13 comes back. That’s a 346% difference! ($45 vs. $13).
Non-profit organizations receive an average 250% more
support from smaller locally-owned business owners than
they do from large businesses.
3 . Keep our community unique: Where we shop, where we eat and have fun, all of it makes our community home. Our one-of-a-kind businesses are an integral part of the distinctive character of this place. Our tourism businesses also benefit. “When people go on vacation they generally seek out destinations that offer them the sense of being someplace, not just anyplace.” ~ Richard Moe, President, National Historic Preservation Trust.
4. Reduce environmental impact: Locally owned businesses can make more local purchases requiring less transportation and generally set up shop in town or city centers as opposed to developing on the fringe. This generally means contributing less to sprawl, congestion, habitat loss and pollution.
5 . Create More Good Jobs: Small local businesses are the largest employer nationally and in our community, provide the most jobs to residents.
6. Get Better Service: Local businesses often hire people with a better understanding of the products they are selling and take more time to get to know their customers.
7 . Invest in Community: Local businesses are owned by people who live in this community, are less likely to leave, and are more invested in the community’s future.
8 . Put Your Taxes to Good Use: Local businesses in town centers require comparatively little infrastructure investment and make more efficient use of public services as compared to nationally owned stores entering the community.
9 . Buy
what you want, not what someone wants you to
marketplace of tens of thousands of small businesses is the
best way to ensure innovation and low prices over the
long-term. A multitude of small businesses, each selecting
products based not on a national sales plan but on their own
interests and the needs of their local customers, guarantees
a much broader range of product
10 . Encourage local prosperity: A growing body of economic research shows that in an increasingly homogenized world, entrepreneurs and skilled workers are more likely to invest and settle in communities that preserve their one-of-a-kind businesses and distinctive character.
Source – American Independent Business
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