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« Reason # 5: Local Businesses Provide Unique Character | Main | Reason #3: Local Businesses Create Jobs and Offer Higher Wages »
Wednesday
Mar162016

Reason #4: Shopping Locally Supports Your Local Economy

Supporting locally owned businesses is a productive way of enriching your community’s local economy. Chain stores are unable to generate as high of a percentage of revenue back into other local businesses compared to independent retailers. Studies show that local businesses can recycle over twice as much money back into their community’s economy, thus creating double the number of local jobs. According to Civic Economics, “Independent businesses spend more on local labor, goods procured locally for resale, and services from local providers. This means a much larger share of the money spent at a locally owned store stays in the local economy, supporting a variety of other businesses and jobs.” The impact that you can have on your economy’s well-being is significant and will enrich your entire community.

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