Buy Local to Boost the Local Economy
When shopping for the goods and services that you need, it's important to think about more than just how much you are spending and what you are getting for your money. You should also consider the impact that your money has on the local economy and the small businesses within it, because it can be significant.
Benefits of Shopping Locally
There are many ways that doing business with local companies benefits the area where you live and work. A few examples include:
- Community Investment: When you spend $100 with a locally owned company, $33 of it stays within the community. When you spend the same amount elsewhere, much less - only between $1 and $11 - stays in the community. The long-term impact of local shopping may be even greater; according to eLocal.com, the majority of money spent with locally-owned businesses ends up being re-invested in the local community, something that is not true with dollars spent with national chains.
- Affordable Goods and Services: Purchasing local doesn't mean that you have to spend more. Local businesses are very focused on taking steps to keep costs competitive. For Example, OEC belongs to Independent Stationers, an office products co-op that provides a way to offer affordably priced products to customers while staying local in focus.
- Support Small Businesses: When you choose to shop locally, you're providing support to small businesses, a market sector that truly represents the backbone of the economy. After all, according to Independent We Stand, small businesses employ over 77 million Americans and account for 65% of all net new jobs over the last 17 years.
You Can Make a Difference
Shopping locally can be the best way to ensure that as much of your buying power as possible stays in your community, and it can also help keep and add local employment opportunities. When faced with a choice of where to buy, stop and consider a local source - chances are you'll find a great deal on exactly what you are looking for. Share this Article
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