Does buying locally really make
While it is advisable to comparison shop to find the best prices
when you are shopping, it’s also
important to remember that buying locally really does make a
difference in the local economy. By supporting local retailers
and other businesses, your hard earned cash is much more likely
to benefit your friends, neighbors, and family.
As stated in a June, 2009, Time Magazine article titled
Buying Local: How it Boosts the Economy, “At the most basic level, when
you buy local, more money stays in the community … Money is like
blood. It needs to keep moving around to keep the economy going.
When money is spent elsewhere … it flows out, like a wound.”
What about the sometimes higher cost of buying local goods? “The
difference falls away once you consider the increase in local
employment as well as the relationships that grow when people
buy from people they know.” This doesn’t even include the fact
that buying locally means lower transportation, and therefore
environmental, costs. Additionally, local businesses very often
provide more service and support than larger companies.
Here are five reasons why it makes sense to buy local*:
- It’s Green-Friendly – Shopping locally reduces your gas
consumption and pollution. Plus, local stores help sustain
vibrant, pedestrian-friendly communities, reducing sprawl and
the need for automobiles.
- Keeping Local Dollars in the Economy –
A 1% increase in
spending would lead to a total of $3.9 million in industry
sales, 56 jobs, and $2.3 million in new personal income.
- Local Character and Prosperity – In an increasingly
homogenized world, communities that preserve their one-of-a-kind
businesses and distinctive character have an advantage in
offering quality of life and unique experiences.
- Friends and Neighbors Provide Better Service – Local
businesses are staffed by local residents, friends, and
neighbors. You get better service from people you know and who
- Convenience Equals Savings – Shopping locally saves you time
and money. A shopping trip out of town costs you for every mile
you drive, each way, and valuable time away from home or work.
Stay local and pocket the savings so you can treat your family
to a night on the town (at a restaurant that serves local
produce and ag products!).
Baylake Bank encourages you to BUY LOCAL for your holiday
shopping, and all year through!
*Source: Rob Burke, Door County