Having been a local family business owner myself, I am greatly aware of the benefits of being and buying locally. There is a warmth in a family owned business that is hard to match. Maybe because it’s a family endeavor or simply the realization of the American Dream. Whatever the reason, it just adds something to a community; something quite special.
For theses reasons I would like to see all LOCAL businesses STAY in business. So, in case you didn’t realize what an impact these great shops have on our community, I’ve attained a list of the top 10 reasons why we should shop locally.
What are YOUR thoughts on the matter? I’d LOVE to hear them!
According to Stacy Mitchell, a senior researcher with the Institute for Local Self-Reliance, below are the top 10 reasons why we should support LOCAL business.
1. Local Character and Prosperity
In an increasingly homogenized world, communities that preserve their one-of-a-kind businesses and distinctive character have an economic advantage.
2. Community Well-Being
Locally owned businesses build strong communities by sustaining vibrant town centers, linking neighbors in a web of economic and social relationships, and contributing to local causes.
3. Local Decision-Making
Local ownership ensures that important decisions are made locally by people who live in the community and who will feel the impacts of those decisions.
4. Keeping Dollars in the Local Economy
Compared to chain stores, locally owned businesses recycle a much larger share of their revenue back into the local economy, enriching the whole community.
5. Job and Wages
Locally owned businesses create more jobs locally and, in some sectors, provide better wages and benefits than chains do.
Entrepreneurship fuels America’s economic innovation and prosperity, and serves as a key means for families to move out of low-wage jobs and into the middle class.
7. Public Benefits and Costs
Local stores in town centers require comparatively little infrastructure and make more efficient use of public services relative to big box stores and strip shopping malls.
Local stores help to sustain vibrant, compact, walkable town centers-which in turn are essential to reducing sprawl, automobile use, habitat loss, and air and water pollution.
A marketplace of tens of thousands of small businesses is the best way to ensure innovation and low prices over the long-term.
10. Product Diversity
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 choices.
Resource Article: http://www.ilsr.org/why-support-locally-owned-businesses/