10 reasons to frequent the local businesses
1. More money stays in your community
Significantly more money stays locally when you buy at locally owned businesses. Buying local helps grow other businesses and the local tax base. One recent study shows that locally owned businesses generate a premium in enhanced economic impact.
For every $100 spent at a locally owned business, $45 goes right back into the community and our tax base, compared to only $14 at a chain store.
2. You foster community support
Locally owned businesses know you; and you know us. Studies have shown that local businesses donate to community causes at more than TWICE the rate of chain/multinational stores.
3. You create local jobs
Small businesses are the largest employers in our community. Supporting small business keeps people employed in our community directly and by using other local service providers.
4. You conserve your tax dollars
Local businesses require comparatively little infrastructure and make good use of public services. Also, spending locally instead of online ensures that your dollars are reinvested where they belong right here in your own community.
5. Community investment
Local businesses are owned by people who live in this community who are more invested in the community’s future.
6. Experience better service
Local business has a vested interest in knowing how to serve you. Local businesses often hire people with a better understanding of the products they are selling and take more time to meet customer needs.
7. Create more choice
A marketplace with hundreds of small businesses is the best way to ensure innovation and low prices over the long-term. Local businesses carry a wider array of unique products because we buy for our own individual market.
8. Help the environment
Locally owned businesses can make more local purchases requiring less transportation.
9. Add character to our community
Local businesses contribute to the distinctive character of our community benefiting tourism and giving residents sound reason for not moving away.
10. Local prosperity
Economic research shows that entrepreneurs and skilled workers are more likely to invest and settle in communities that preserve their one-of-a-kind businesses. The more interesting and unique we are as a community, the more we will attract new neighbours and visitors.
Source: The Rocking Horse, Owen Sound ON.