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10 Reasons to
Support
Locally Owned Businesses
Local Character and Prosperity
In an increasingly homogenized world,
communities that preserve their one-of-a-kind
businesses and distinctive character have an
economic advantage.
Community Well-Being
Locally owned businesses build strong
communities by sustaining vibrant town centers,
linking neighbors in a web of economic and
social relationships, and contributing to local
causes.
Local
Decision-Making
Local ownership ensures that
important decisions are made locally by people
who live in the community and who will feel the
impacts of those decisions.
Keeping Dollars in
the Local Economy
Compared to chain stores, locally
owned businesses recycle a much larger share of
their revenue back into the local economy,
enriching the whole community.
Job and Wages
Locally owned businesses create more
jobs locally and, in some sectors, provide
better wages and benefits than chains do.
Entrepreneurship
Entrepreneurship fuels America's
economic innovation and prosperity, and serves
as a key means for families to move out of
low-wage jobs and into the middle class.
Public Benefits and
Costs
Local stores in town centers require
comparatively little infrastructure and make
more efficient use of public services relative
to big box stores and strip shopping malls.
Environmental
Sustainability
Local stores help to sustain vibrant,
compact, walk-able town centers, which in turn
are essential to reducing sprawl, automobile
use, habitat loss, and air and water pollution.
Competition
A marketplace of tens of thousands of
small businesses is the best way to ensure
innovation and low prices over the long-term.
Product Diversity
A multitude of small businesses, each selecting
products based, not on a national sales plan,
but on their own interests and the needs of
their local customers, guarantees a much broader
range of product choices.
(Excerpted from 10 Reasons Why Vermont's
Homegrown Economy Matters and 50 Proven Ways to
Revive It, written by Stacy Mitchell of the
Institute for Local Self-Reliance and published
by the Preservation Trust of Vermont.)
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