Buy & Shop Local. January 2013 Insights

Buy & Shop Local. January 2013 Insights

Buy & Shop Local

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Fast Facts

68% of every dollar spent locally stays local.

Just 2% of small businesses are franchises.

You receive better service from people you know and who you.

When you shop with local merchants more of your money stays close to home — supporting the parks, libraries, schools and other things that make this community great.

Shopping locally can help restore the economy.

$200 spent locally could have close to $500 in impact on the community.

Non-profit organizations receive an average of 250% more support from small business owners than from large businesses.

Sources: Institute for Local Self-Reliance, The Local Multiplier Effect, Sustainable Connections, ThinkShopBuyLocal..., ShopLocallly.com.

1. Local character & prosperity

In an increasingly homogenized world, communities that preserve their one-of-a-kind businesses and distinctive character have economic advantage.

2. Community Well-Being

Locally owned businesses build strong communities by sustaining vibrant town centers, linking neighbors in a web of economic and social relationships, and contributing to local causes.

3. Local Decision-Making

Local ownership ensures that important decisions are made locally by people who live in the community and who will feel the impacts of those decisions.

4. Keeping Dollars in the Local Economy

Compared to chain stores, locally owned businesses recycle a much larger share of their revenue back into the local economy — enriching the whole community.

5. Jobs & Wages

Locally owned businesses create more jobs locally and in some sectors provide better wages and benefits than chains do.

6. Entrepreneurship

Entrepreneurship fuels America’s economic innovation and prosperity, and serves as a key means for families to move out of low-wage jobs and into the middle class.

7. Public Benefits & Costs

Local stores in town centers require comparatively little infrastructure and make more efficient use of public services relative to big box stores and strip mall shopping.

8. Environmental sustainability

Local stores help sustain vibrant, compact, walkable town centers — which in turn are essential to reducing sprawl, automobile use, habitat loss, and air and water pollution.

9. Competition

A marketplace of small businesses is the best way to ensure innovation and low prices over the long-term.

10. Product Diversity

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.

The "Top 10 list" comes from the Institute for Local Self-Reliance, a national nonprofit organization working to strengthen independent businesses and local economies, and is reprinted here with permission.

Comments

jennysr38 1 year, 8 months ago

I agree with all of this. Especially because one of my goals within the next couple of years is to become a local business owner. I also have several friends who are currently or are in the process of becoming local business owners. However, my problem is that some of the local business owners and the community have to do their part to keep the interest of buying local. How about doing some updating to some of the businesses? For example, the movie theater. With the exception of some new to them seats, that place has looked the same since I was a kid and I am sure before that. And they wonder why people go to Steamboat for a movie. Or why not let another theater in? It would be good for competition. The jewelry store downtown, its like a dark dungeon in there. Who wants to even look at jewelry in there, when you can go to Steamboat or Grand Junction and shop in one of their beautifully lit and maintained stores. How about a decent restaurant? We do have a few good ones, don't get me wrong. But the variety isn't here. Again that's why people go to Steamboat or Grand Junction. And just one more and I will get off my soapbox, why, why, doesn't this community want a recreation center? I will never figure this one out. People are spending their money at the one in Meeker when that money could be staying here and it would give our community an option of an indoor activity during the cold winter months. These are just a few examples of where are local money is going instead of staying here the valley. Its really not rocket science. Change is good!

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cag81625 1 year, 8 months ago

All excellent points, jennysr38. This community could support much more than it appears, just ask our neighboring communities.

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selket42 1 year, 8 months ago

I try to shop local, I really do! But more often than not, I can't get what I'm looking for here. Face it, there aren't a lot of choices in this area, so if I have to get it somewhere else, I will. As far as the rec center, it has been brought up several times over the 20+ years I have been in Craig, and the response from this community has been the same, "it's too expensive, I don't want my taxes to go up, there wouldn't be enough demand for it, there is plenty to do here already".....etc etc. I don't think we need a huge monstrosity of a complex, but a nice indoor pool, walking track, and basketball court might be nice. Maybe set near a park so it would draw families in the warm months too. Maybe on a level site, so we don't have to worry about it sliding off the hill like the high school!

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cag81625 1 year, 8 months ago

You take your wave pool, stick a large tent over it- BOOM, Rec Center! Seriously, we would get a big bang for the buck from something like what's in Meeker.

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jennysr38 1 year, 8 months ago

Anyone know of who to contact about a rec center? Or know who has been involved with it in the past? I know, probably a losing battle. But maybe if we keep trying. It doesn't have to be anything major. Exactly as you said selket42. I really think we would benefit from that greatly.

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oldman1 1 year, 8 months ago

The all famous saying in this town is 'i will have to order it'. that is so frustrating when you need an item now. Also, the bigger cities seem to be cheaper! Why is that? Just saying. Indoor community pool would open up a lot of options for so many things. for young and older.

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Melody Villard 1 year, 8 months ago

While it is harder to shop locally at times the effect of doing so will also not change things overnight. As more shoppers chose to purchase out of the area businesses have had to adapt by carrying less inventory, reducing sales forces, etc. It may not always be the easiest or least expensive choice, but if you are willing to TRY to invest more in your local economy more often than you don't the change will start to show. Also, if you have not been into the jewelry store downtown for quite some time you should go again. The extensive remodel that the business underwent in 2009 has brought the appearance up to par with the excellent customer service!

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Becky Plummer 1 year, 8 months ago

Why would we have to BUILD a new community center, why not incorporate it with something that is already here, The HIgh School has a pool, the Boys and GIrls Club has basketball hoops, the Ice Skating Rink has tons of room especially during the summer while the ice isnt being used there are many options available here that dont seem to have been considered before.

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davidbowieonwheels 1 year, 8 months ago

Great article, but too little too late. Any chance local businesses had was shot to hell when that massive Walmart was built. Local businesses just can't compete. If you really want to support your community, stop shopping there.

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