THE LOCAL BUSINESS INITIATIVE
WHY SHOP LOCAL
There has never been a time where shopping locally has ever been more difficult yet important to do. But, why?
Local business is being choked out by large national or global corporations that have no personal investment in the local areas or people that it engulfs. Whereas locally owned businesses have a much deeper and personal attachment to the communities that it is rooted in.
For every $100 you spend at locally owned businesses, $68 will stay in the community. What happens when you spend that same $100 at a national chain? That amount is cut nearly in half. In addition to generating more tax revenue per sales dollar, taxes paid by small, local businesses are widely used to support schools, parks, roads, and other local programs that benefit your friends, family, and community.
Not only that, but local business is the leader in generating new jobs. In fact, since the 1970s, more than 65% of new jobs have come from the rise in small business. Not only do small businesses employ more people directly per dollar of revenue, they’re also the customers of local businesses themselves.
Want better quality goods and services? With smaller batches, personal service, shorter lines and accessibility to decision makers, local businesses are also the best way to attain that as well.
HOW TO HELP
During the Covid outbreak, so many small businesses had to close their doors, for good. Ones even within our own community. It was then when the Fountain of Youth Medspa started the Greenwood Village Resort, an effort to team up with local businesses to work as allies and support each other. We went door to door to surrounding businesses and created a map of these local gems. Check them out and spread the word!