This Should Worry Everyone

AMAZON BUYS WHOLE FOODS

The consolidation of retailers should concern everyone. Walmart has devastated local communities across America. Every local business that closes hurts the community. For every $100 you spend at local businesses, $68 will stay in the community. Compared to chains and big box stores where only $20 – $25 stay local. Creating other jobs and commerce.

Independent retailers return more than three times as much money per dollar of sales to the community in which they operate than chain competitors.

Independent restaurants return more than two times as much money per dollar of sales than national restaurant chains.

It isn’t always the easiest or most convenient option to visit a local independent business rather than a large national chain that might be down the street. However, there are plenty of ways you can help support your local economy by thinking local first:

Try the menu at a local restaurant for lunch or dinner.

Purchase a birthday present at a local gift shop.

Visit a local nursery or hardware store for your lawn and garden needs.

Get your car serviced at a local mechanic.

Visit a farmer’s market to purchase the ingredients for your family dinner.

 

Many local economies are languishing not because too little cash comes in, but as a result of what happens to that money. “Money is like blood. It needs to keep moving around to keep the economy going,” he says, noting that when money is spent elsewhere—at big supermarkets, non-locally owned utilities and other services such as on-line retailers—”it flows out, like a wound.” By shopping at the corner store instead of the big box, consumers keep their communities from becoming what the NEF calls “ghost towns” (areas devoid of neighborhood shops and services) or “clone towns”, where Main Street now looks like every other Main Street with the same fast-food and retail chains.

 

I urge everyone to “Buy Local” whenever possible. Yes, the price may be higher, but the cost to the community is much lower.

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