10 Reasons to Support Palmer Lake Businesses...
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1.) 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.
2.) Community Well-Being. Locally owned businesses build strong communities by sustaining vibrant town centers, linking neigh
bors in a web of economic and social relationships, and contributing to local causes.
3.) Local Decision-Making. Local ownership ensuring that important decisions are made locally by people who live in the community and who will feel the impact of those decisions.
4.) 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. (Reportedly $.63 per $1.00 spent locally stays local!)
5.) Jobs and Wages. Locally owned businesses create more jobs locally and, in some sectors, provide better wages and benefits than do chains.
6.) Entrepreneurship. Entrepreneurship fuels Americaโs economic innovation and prosperity, and serves as a key means for families to move out of low-wage jobs and into the middle class.
7.) Public Benefits and Costs. Local business in town centers require comparatively little infrastructure and make more efficient use of public services relative to big-box stores and strip shopping malls.
8.) Environmental Sustainability. Local independents help to sustain vibrant, compact, walkable town centers that are essential to reducing sprawl, automobile use, habitat loss, and air and water pollution.
9.) Competition. A marketplace of tens of thousands of small businesses is the best way to ensure innovation and low prices over the long-term.
10.) Product Diversity. A multitude of independent businesses selecting products base on the needs of their local customers and not on a national sales plan guarantees a much broader range of product choices. Source: The information above comes from the Institute for Local Self-Reliance, a national non-profit organization working to strengthen independent businesses and local economies.
โLocally owned businesses reinvest in the local economy at a 60% higher rate than chains and Internet retailersโ. - Newsweek
