The IMpact of Shopping local
The Local Multiplier Effect
When you shop locally, your dollar doesn’t stop there. It lives on and is recirculated in the community. This is known as the multiplier effect. Money spent locally is a reinvestment in your community.
The multiplier effect is made up of 3 parts:
Direct impact: spending done by a business in the local economy. This includes operating costs, salaries, utilities, etc.
Indirect impact: recirculation of the business spending at other local businesses.
Induced impact: local business employees and business owners spending their income in the local economy.
Funding Local Programs
Spending at local businesses brings in more sales tax dollars to help fund vital government services. Your schools, fire, police, and local government services rely on this money to help keep your community safe, as well as help it grow and diversify.
A Cleaner Environment
By shopping at locally owned businesses, you are supporting businesses that are more likely to source their materials locally. This means less shipping, less waste, and less pollution.
A Closer Community
Getting out and shopping at any local store is an opportunity to get to know your community better. By making these connections, your community will be more likely to reinvest in itself.
Become a Better Gifter
When you shop at a local store, you are 3 times more likely to discover something new. WIth increased exposure to options, you are more likely to stumble upon that perfect gift that you just didn’t know existed.