When it comes to supporting local business, you’re not just helping your community—it supports you too. Here are a few reasons why going local helps you out in the long run.
Not only is your local economy strengthened when you shop locally, but you also help create more jobs. These jobs could go to your friends, family or neighbors—people who would probably experience much more competition at a large chain store.
According to Civic Economics, for every dollar you spend at an independent business, 3 times more money is returned into the local economy, compared to that spent at a larger chain (50 times more compared to an online retailer).
Small businesses often give back to the community in other ways: donating, buying or financially backing other independent groups. When small businesses are strong, the community and local economy are strengthened as well.
Locally owned businesses often make more local purchases for their products, requiring less transportation and outsourcing. They typically consume less land, locate closer to residents and create less traffic and air pollution.
All of this leads to less congestion, less habitat loss and less negative impact on the environment. While this may not impact you immediately, it can definitely impact your children and grandchildren in the future.
Everyone loves lower taxes, and supporting your local businesses can help do just that. Small businesses use land efficiently and have central locations which puts less demand on roads, sewers and safety services. Even more, independent businesses often generate more tax revenue per sales dollar. This means a greater percentage of local businesses helps to keep your taxes lower, as compared to mega stores.
When it comes to buying produce and choosing places to eat, local food distributors and restaurants are often the healthier choice for yourself and your family. According to GrubMarket, buying local food has numerous health benefits—opening you up to the world of organic fruits and vegetables, grass-fed meats, fresh eggs and dairy provided by grass-fed cows.