This is from our NEIBA newsletter, and we thought it was put pretty well, and wanted to share it with you!
Five Reasons to Support Locally-Owned Businesses
Community Well-being - as a percentage of revenue, locally-owned businesses make significantly larger charitable contributions to local causes than do national chain stores and formula restaurants.
Competition - A marketplace of small businesses is the best way to ensure retail innovation and stable low prices in the long run. It is a myth that well-run local businesses cannot be price-competitive with the major chains.
Product Diversity - Local businesses select products and services based on what their customers want and need, not on an arbitrary national sales plan.
Local Decision-Making - Local ownership ensures that important business decisions are made by people who live in the community and who will feel the impact of those decisions along with their neighbors.
Keeping Dollars in the Local Economy - A recent New England Study revealed that $45 of every $100 spent at a locally-owned business stayed in the local economy. Only $14 of that same $100 spent at a chain store stayed in the community.
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