For every dollar spent at a local business, most of that dollar stays within the local economy many times over.
Why Local? Here are ten good reasons.
Ten good reasons to shop at locally owned businesses:
1. Significantly more money re-circulates in your community when you buy from locally owned, rather than nationally owned, businesses: More money stays in the community because locally owned businesses purchase from other local businesses, service providers, and farms. Purchasing locally helps grow other businesses as well as your community’s tax base.
2. Local businesses provide most new jobs: Small local businesses are the largest employer nationally, and in most communities provide the most new jobs to residents.
3. One-of-a-kind businesses are an integral part of a community’s distinctive character: The unique character of any town or region is what people love about it, and what tourists come to visit. Richard Moe, president of the National Historic Preservation Trust, says, “When people go on vacation they generally seek out destinations that offer them the sense of being someplace, not just anyplace.”
4. Local business owners invest in community: People who own local businesses live in the community, are less likely to leave, and are more invested in the community’s future.
5. Customer service is better: Local businesses often hire people with more specific product expertise for better customer service.
6. Competition and diversity lead to more choices: A marketplace of tens of thousands of small businesses is the best way to ensure innovation and low prices over the long term. 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.
7. Local businesses have less environmental impact: Locally owned businesses can make more local purchases, requiring less transportation, and generally set up shop in town or city centers as opposed to developing on the fringe. This generally means contributing less to sprawl, congestion, habitat loss, and pollution.
8. Local businesses’ public benefits far outweigh their public costs: 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.
9. Local businesses encourages investment in the community: A growing body of economic research shows that in an increasingly homogenized world, entrepreneurs and skilled workers are more likely to invest in and settle in communities that preserve their one-of-a-kind businesses and distinctive character.
10. Local businesses give more support to nonprofits: Nonprofit organizations receive an average 350 percent greater support from local business owners than they do from non-locally owned businesses.
Significantly more money re-circulates in your community when you buy from locally owned, rather than nationally owned, businesses:
More money stays in the community because locally owned businesses purchase from other local businesses, service providers, and farms. Purchasing locally helps grow other businesses as well as your community’s tax base.
Borrowed with permission from the Institute for Local Self-Reliance. ILSR has been working to enable communities with tools to increase economic effectiveness, reduce wastes, decrease environmental impacts and provide for local ownership of the infrastructure and resources essential for community well-being.
RMA Coffee Talk – JOHN STEWART WALKER
Coffee Talk is RMA’s Premium “Award Winning” Networking event that has grown to over 75+ in attendance. Coffee Talks are a great way for new and existing businesses, local professionals, and organizations to get to know one another and learn how to assist each other in the growth of business and community. The event is a member benefit yet open to your guests. Monthly meetings are held in a member location, giving exposure to their business and making connections with local business professionals. This is networking at its finest, with no pressure. Bring business cards to share, meet old friends, make new friends, and hear what RMA is doing on your behalf. July’s Coffee Talk is being held Friday, July 27th from 8 AM to 10 AM at John Stewart Walker, located at 3211 Old Forest Road.
Where’s Waldo Starts July 1st! We are very excited to have 35 participating businesses this year for our Where’s Waldo event. The event will run from July 1st-July 31st. Passports can be picked up at Givens bookstore, the Retail Merchants Association or participating Waldo Businesses. Take a Journey around Central Virginia this Summer! Where’s Waldo is open to all ages and prizes will be awarded in two groups. Get off the couch this Summer and SUPPORT LOCAL! Participating Businesses Include: Given’s Books Great American Sleep Shop Mad Biddy’s Shoppes of Altavista Pretty Please on Broad Bean Tree Cafe Blackwater Coffee Favored Flavors Star Port Comics Richeson Drive Pediatrics Timberlake Family Pharmacy Alpaca by Jaca Wooldridge Heating & Air AT & T Healthnut Nutrition Assurance Financial FastSigns of Lynchburg Forest Farmers Market Western Ways C.O.B.R.A. Self Defense – Opening July 7th Via One Hope by Elizabeth Travel Lovers Rustic View Home & Garden Bookshop on the Avenue Michaels Carpet World East Coast Wings and Grill Bloom by Doyles Paisley Gifts & Stationary Lynchburg Hillcats Accent Flags & Gifts Harry’s Bakery – Opening July 10th Adult Care Center of Lynchburg Riverside Runners Fur Kids Pet Boutique