The Top Ten Reasons to Buy Local
Wednesday, September 27th, 2006TOP 10 REASONS TO BUY LOCAL
1. Get your money back.
For every $100 spent at a locally owned business, $45 remains in the neighborhood. For every $100 spent at a chain store, only $14 remains.
2. Retain what makes us unique.
Our hang-outs make Baltimore home. Chain stores are getting more aggressive throughout the area and erasing the character of our city. One-of-a-kind, independent businesses have more integrity. If we wanted to live somewhere that looked like everywhere else, we wouldn’t be living in Baltimore.
3. Get better service.
Local businesses often hire people who have a better understanding of the needs of the region, and have more vested interest in getting to know their customers.
4. Buy what you want, not what someone else wants you to buy.
A marketplace of tens of thousands of small businesses means more meaningful competition, hence lower prices in the long run. Small businesses choose products based on what their customers love and need – not a national sales plan. This guarantees a more diverse range of product choices.
5. Create more, and better, jobs.
Small local businesses are one of the largest employers nationally, and in Baltimore. Local businesses offer greater loyalty and benefits to their employees, and can only hire domestically, keeping our job market competitive.
6. Help protect the world around you.
Independent businesses make purchases requiring less transportation. They usually set up shop in existing commercial corridors instead of developing on the fringe. This means less sprawl, less congestion, less habitat loss, and less pollution. Plus, you save time and gas money! Less travel also reduces our dependance on foreign oil. It encourages positive social interaction and physical excersize because people can walk or ride bikes, instead of being trapped in their cars, alone.
7. Support community groups.
Nonprofits receive an average 350% more support from local business owners than they do from non-locally owned businesses.
8. Invest in the community.
Local businesses are owned by people who live here, work here, and care about our collective future as a city.
9. Put your taxes to good use.
Local businesses in neighborhoods need comparatively less infrastructure investment and make more efficient use of extant public services, as compared to nationally owned stores.
10. Show the country that Baltimore is cool, and attract more cool people.
In an increasingly homogenized world, people are more likely to invest in or move to communities that preserve their one-of-a-kind businesses and unique attitude.
Sources: “www.buylocalbaltimore.com” (with Permission)
“The Economic Impact of Locally Owned Businesses vs. Chains: a Case Study in Midcoast Maine”
by the Institute for Local Self-Reliance and Friends of Midcoast Maine, September 2003
“Economic Impact Analysis: a Case Study”
from Civic Economics, December 2002.


