Want a Great Economy
“The world is changing, the way people are buying is changing, - more people are buying on-line and buying less from the local business.” Are all these changes good for the state and local economy? When we see a big manufacturing plant in one of our smaller Wisconsin cities close and then watch the aftermath, many times it looks like a post-apocalyptic war zone. How do stop this insanity and how do we take back our local economies?
The answer really is rather simple - BUY LOCAL.
Dollars spent at community-based merchants create a multiplier in the local economy, meaning that from each dollar spent at a local independent merchant, 2 to 3.5 recirculates in the local economy. This “local multiplier effect” means shifting more local purchasing to local businesses is a key tool for creating more local jobs.
Local owners, typically having invested much of their life savings in their businesses, have a natural interest in the community’s long-term health. Community-based businesses are essential to charitable endeavors; their owners frequently serve on local boards and support numerous causes. Locally-owned businesses, like Plymouth Foam, play a key role in our Wisconsin communities.
Money stays local.
Local products are manufactured locally. Purchasing such a product tends to keeps the money local.
Reduction in the cost of the product.
Transportation of products from one place to the other requires special processing and packaging of the product. This along with transportation adds to the overall cost of the product. Manufactured products, if purchased locally, reduce the overall cost of production and thus reduces price of the goods.
Beneficial to the local employees.
By buying local products the buyers support local businesses. This will lead to more profit for the local businesses, and consequently better jobs and wages for the employees.
Taxes for the government.
Increased profits for the business and higher wages and salaries for the employees increases the amount of money deposited as tax by businesses and employees.
Development of country.
The owners of local businesses usually invest in their own country.
They thus support the development of religious places, schools, and organizations in your own country and thus help to improve the quality of life.
Shopping locally helps to save you time and money. A shopping trip outside the county will cost you quite high for every mile of drive. It will also require much time which you can otherwise spend on something useful and productive.
As the product remains where it is produced it reduce the pollution which otherwise created by transporting the products from one place to the other.
Better services in your own country.
Products manufactured in one place if remains there, then businesses will acquire services of local people. You get superior service from people whom you know and who are acquainted with you.
Reduces damage of the products.
Transportation of product from one place to other is accompanied with wear and tear and damages. Local consumption of product keeps away the risk of product damage.