Local character and prosperity Your community’s local character and prosperity thrive when you support its unique and diverse locally owned businesses.
Community well-being Local businesses foster community well-being by building strong neighborhoods, sustaining communities, and contributing more to local causes.
Local decision-making Local ownership means local decision making by people who live in the community and share in the effect of those decisions.
Local economic benefits Keeping your money in your local economy supports local jobs, funds more local services through sales tax, and invests in neighborhood improvement and development.
Local jobs and wages Locally owned businesses create more jobs locally and, in some cases, provide better wages and benefits than chains do.
Entrepreneurship Local entrepreneurship fosters economic innovation and prosperity.
Public services costs Local stores in town centers make more efficient use of public services and community infrastructure.
Environmental impact 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.
Healthy competition A marketplace of tens of thousands of small businesses across our country fosters healthy competition and ensures innovation and low prices over the long term.
More choices for you An abundance of small locally owned businesses, each selecting its own product mix, guarantees a much wider range of product choices for everyone in the community.
This article is reprinted with permission from the Institute for Local Self-Reliance, a national nonprofit organization working to rebuild local economies.To learn more, visithttps://ilsr.org/key-studies-why-local-matters/.Provided By Susan J. Oliver, Tropomedia