(11/28) What does buying local mean to you? When you make a purchase from a locally owned business, you are contributing to a much larger picture, which ultimately comes back to you through the money multiplier. Making purchases and selecting services from locally owned businesses drives the community in which you reside and you are the
The Small Business Administration states: "Out of every $100 spent at local, independent stores, $68 returns to the community. The same amount spent at national chains results in only $43 staying within community borders." This statistic equates to a 58% increase in the money multiplier for shopping at a locally owned business versus a
chain, and a locally owned restaurant recirculates 67%, while big chain restaurants return about 30%. But, how does that affect you?
One of the direct benefits of shopping local is the contribution to the local tax base, which allows more funds in the coffers for improved roads, sidewalks, parks, infrastructure, and local government services. Do you know someone who is involved with a non-profit organization, or who has children or grandchildren in school? That person
may be you, which means your organization relies on donations from these locally owned businesses in the form of a check, gift certificate, or products to sustain sponsorships and fund-raising activities. Locally owned businesses are inundated with these requests annually.
Additionally, when you shop at a locally owned business you will receive a personal touch from employees and often the owner of the business. Locally owned businesses garner another advantage because the owner knows the products or services needed by the community, and understands how to be responsive to the needs of the community while
also being able to serve you on an individual basis.
Shopping at a locally owned business can also have an impact on the environment. When you shop at locally owned businesses you are reducing the carbon footprint by traveling less miles, and the business owner is also making more local purchases, thereby reducing their traveled miles. Locally owned businesses are also cognizant of purchasing
more echo-friendly products because of their personal investment in the community, which therefore creates a more sustainable community.
So, how can you make a difference this year? Purchase Thurmont Business Bucks for gift giving! Thurmont Business Bucks is a gift certificate program that is available in $25 and $50 gift certificate increments. The gift certificates can be used at more than 30 locally owned businesses in Thurmont and are sold at the Thurmont Town Office
located at 615 East Main Street.
When you purchase a Thurmont Bucks Gift Certificate, it comes complete with a booklet that lists all participating merchants with a description, location, and all pertinent information about the business. Thurmont Business Bucks provides an incentive to keep local bucks in the community, while maintaining the convenience of not having to
leave town to purchase a gift. Plus, Thurmont Business Bucks are for sale all year long.
While national chains do have a role to play in every economy, at the end of the day all their money is transmitted to a bank somewhere out of the area decreasing the money multiplier for the community. Take the time to shop your locally owned businesses and make a difference by increasing the money multiplier and supporting your local tax
base, non-profit organizations, and schools. When you are trying to figure out gift giving for loved ones, or eating out, working out, or getting your car serviced, remember your locally owned businesses all year long!
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