Local shopping is crucial to our continued growth, because the success of local businesses attracts and encourages other entrepreneurs to start local businesses, which leads to more jobs and revenue re-circulating throughout our community.
The math for buying close to home is compelling—for every $100 spent at a locally-owned business, $73 remains in the local economy, and $27 leaves. Compare that to the same $100 spent at a non-locally owned business, where $43 remains in the local economy and $57 leaves.
When profits stay local, it increases the community’s wealth, tax revenue and standard of living.
Small businesses and local businesses are still the backbone of our economy. They are local people, serving local people and are generally committed to staying there, raising their families. After all, most businesses started out as a small, local business and earned the success of growing and expanding. It’s the American Dream.
-Brooke Barnett, A Small Business Owner