Save Money...Help Your Community...Buy Local!

Posted on Tue, Jul 24, 2012

non-profit organizations

Baby's Dream Furniture encourages locally-based economies because it has made simple but effective illustration of how money flows if it’s spent at a locally owned business versus a non-local business. Buying close to home may be more than a feel-good, it's-worth-paying-more-for-local matter. A number of researchers and organizations are taking a closer look at how money flows, and what they're finding shows the profound economic impact of keeping money in town—and how the fate of many communities around the nation and the world increasingly depend on it. Buying local boots your local economy and keeps the integrity of our nation alive. Here ten more reasons why you should buy locally:

  1. Money Re-circulates -- Support Yourself: Several studies have shown that when you buy from an independent, locally owned business, rather than a nationally owned businesses, significantly more of your money is used to make purchases from other local businesses, service providers and farms -- continuing to strengthen the economic base of the community. It has also shown that it helps keep local tax rate at a base level without too many ups and downs.
  2. Better Support for Community Groups: Non-profit organizations receive an average 250% more support from smaller business owners than they do from large businesses. By buying locally, you are helping support local business owners in more donations to local charities.
  3. Unique Businesses Create Character & Prosperity: Where we shop, where we eat and have fun -- all of it makes our community home. Our one-of-a-kind businesses are an integral part of the distinctive character of this place. Our tourism businesses also benefit.
  4. Reduce 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.
  5. Create More Local Jobs: Small local businesses are the largest employer nationally and in our community, provide the most jobs to residents. Baby's Dream Furniture has opened over 150 jobs for it's local community. The largest employer within the Buena Vista, GA community.
  6. Better Customer Service: Local businesses often hire people with a better understanding of the products they are selling and take more time to get to know customers. They are there to answer your questions and concerns, specially when it's products that affect your life and your family's well being.
  7. Local Business Owners 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. 
  8. 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.
  9. Competition And Diversity Leads To More Consumer 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.
  10. Encourage Local Prosperity: A growing body of economic research shows that in an increasingly homogenized world, entrepreneurs and skilled workers are more likely to invest and settle in communities that preserve their one-of-a-kind businesses and distinctive character.
As the nation limps through the recession, many towns and cities are hurting. Many locally owned stores have suffered the consequences of larger businesses taking over, having to close their doors for good. These are stores that have been around 5, 8, 10 even 15 years. "Buy-local" campaigns can help local economies withstand the downturn. According to expert David Boyle, "For communities, this is a hopeful message in a recession because it's not about how much money you've got, but how much you can keep circulating without letting it leak out."

Tags: Expert Tips, Charity, Products