10 Reasons to Buy Local and a Word from Strite on Supporting Boise
Image and list taken from original article: Infographic: Why Buy Local & Ten Reasons to Shop Local First By Dan Gould on August 5, 2009.
Buying Locally and Supporting Boise Economy
When I think about “getting it local” more often than not things like coffee and produce come to mind. I attribute this to seeing a ‘Think Boise First’ or ‘Think Nampa First’ logo at the register of a coffee shop, restaurant, or gift shop. But the ‘it’ in “Get it Local”, isn’t necessarily a product that is grown, ‘it’ also includes services from businesses who are locally owned and staffed. There are many service-oriented businesses in Boise who are locally-minded – Strite design + remodel being one of them. But why be locally-minded?
Thinking locally is not only popular because of recent trends toward energy efficiency and reducing carbon footprints but also because it is simply smart economics. “A great, and poorly understood, benefit of giving trade to locally owned businesses is that the owners and their employees spend more money and pay more tax in the local regional economy. This generates an economic multiplier effect (the number of times a single dollar is circulated in a community) that can be as high as three times more than when spending money at non-local stores.” – see figure above (TBF website). In plane English, this means money spent locally impacts more people in the community than money spent at a national company. We all benefit from buying locally by increasing the income of a local employee, by supporting your local farmer, by giving business to a shop that pays taxes to our local government, etc. Knowing this, I can easily justify going a little out of the way just to support a local business because it means supporting the whole community of Boise.
For Strite design + remodel, investing in the community only promotes the longevity of Boise, its economy, and our business. This means we have more opportunity to invest in Boise’s future by remodeling homes in the neighborhoods like Boise’s Historic District and also servicing the hundreds of remodels we’ve done throughout the area in the past. We believe in investing in our friends, family, and neighbors because we see the benefit and we also promote the idea for our others to do the same.
10 reasons to buy local:
1. BUY LOCAL, SUPPORT YOURSELF
Several studies have shown that when you buy from an independent, locally owned business a significantly greater portion of your money is used to make purchases from other local businesses, service providers and farms — continuing to strengthen the economic base of the community.
2. SUPPORT COMMUNITY GROUPS
Non-profit organizations receive an average of 250% more support from smaller business owners than they do from large businesses.
3. KEEP OUR COMMUNITY UNIQUE
Where we shop, where we eat and have fun — all of it makes our community home and one-of-a-kind businesses an integral part of the distinctive character of our city.
4. REDUCE ENVIRONMENTAL IMPACT
Locally owned businesses can make more local purchases requiring less transportation. Generally, locally owned businesses set-up shop in city centers as opposed to developing on the fringe of city limits; this contributes to less sprawl, congestion, habitat loss and pollution.
5. CREATE GOOD JOBS
Small local businesses are the largest employer nationally and therefore provide the most jobs to residents in communities.
6. GET BETTER SERVICE
Local businesses often hire people with a better understanding of the products they are selling and take more time to get to know customers.
7. INVEST IN COMMUNITY
Local businesses are owned by people who live in this community, are less likely to leave, and are more invested in the community’s future.
8. PUT YOUR TAXES TO GOOD USE
Local businesses in city centers require comparatively little infrastructure investment and make more efficient use of public services.
9. BUY WHAT YOU WANT (NOT WHAT SOMEONE ELSE WANTS YOU TO BUY)
A marketplace of tens of thousands of small businesses is the best way to ensure innovation and low prices over the long-term.
10. ENCOURAGE LOCAL PROSPERITY
A growing body of economic research shows that in an increasingly homogenized world, entrepreneurs and skilled workers are more likely to invest and settle in communities that preserve their one-of-a-kind businesses and distinctive character.