From Our Top 10 List Collection
01 May 2018
The top 10 reasons to think local, buy local:
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.
9. Local Decision-Making
Local ownership ensures that important decisions are made locally by people who live in the community and who will feel the impact of those decisions.
A marketplace of tens of thousands of small businesses is the best way to ensure innovation and low prices over the long-term.
7. Buy What You Want, Not What Someone Wants You to Buy
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.
6. 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.
5. 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.
4. Get Better Service
Local businesses hire people with a better understanding of the products they are selling and take more time to get to know customers and their business needs.
3. Create More Good Jobs
Small local businesses are the largest employer nationally and in our community, providing more jobs to residents of the community. Compared to 23% for chain stores, locally owned businesses spend, on average, 28% of revenue on labor.
2. Support Your Community
Non-profit organizations receive an average 250% more support from smaller business owners than they do from large businesses.
And the number 1 reason to think local, buy local is:
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.