THE ECONOMIC Policy Institute reports that for every dollar spent at a locally owned business, 68 cents of it stays in the local economy. Compare this to 32 cents staying in a local community when spending money at a chain store. The University of Florida conducted an analysis that showed how local businesses help fight high unemployment rates. When large companies lay off workers, local businesses are able to provide employment opportunities and maintain a consistent workforce. This is critical in sustaining our community and keeping money flowing within it.
Our locally owned businesses have helped our community become what it is today. The long-standing staples in our community have created bridges between the generations. People who were once shoppers at a young age are now the mature employees who always greet you with a smile. And as new decades come and go, their smiles never fade. And the young shoppers they smile to will one day be in their shoes.
We should all continue to make an effort to support our local businesses. Not only does it help create a stronger economy for our town, but it also helps preserve the memories and traditions of generations before us. Together we can ensure that their legacies continue, our economy is kept stable, and our community continues to thrive. GN