Local First, a Grand Rapids. Michigan based organization that encourages sustainable, locally-based economies has made a simple but effective illustration of how money flows if it’s spent at a locally owned business versus a non-local business.
More Money Re-circulates When you purchase at locally owned businesses rather than nationally owned, more money is kept in the community because locally-owned businesses often purchase from other local businesses, service providers and farms. Purchasing local helps grow other businesses
Non Profits Receive Greater Support Local business owners donate more to local charities than non-local owners.
Unique Businesses Create Character The unique character of your neighborhood will be sustained. Tourism businesses and investment will flow in naturally.
Environmental Impact Is Reduced Local businesses make more local purchases requiring less transportation and usually set up shop in town centers rather than on the fringe. This means contributing less to sprawl, congestion, habitat loss and pollution.
Most New Jobs Are Provided By Local Businesses Small local businesses provides employment—young and old!
Customer Service Is Better Local businesses often hire people with more specific product expertise for better customer service
Local Business Owners 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
Public Benefits Far Outweigh Public Costs Local businesses require less infrastructure and more efficiently utilize public services relative to chain stores
Investment Is Encouraged 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.
This is an excerpt from Local First, a Grand Rapids. Michigan based organization
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