3/11/2021
How Shopping Local Can Boost the Economy | Barry Kornfeld | Family-Owned & Operated Businesses
a How Shopping Local Can Boost the Economy by Barry Kornfeld | Mar 11, 2021 | Barry Kornfeld, Family-Owned & Operated Businesses
Supporting a small or family-owned business goes far beyond showing a neighbor or a member of your community support. Local businesses have a signi cant in uence on the economy, especially in the past year when so many of them had to shut their doors since the pandemic. It’s imperative to shop locally to support your community and boost the economy. Chain Retailers vs. the Local Economy While many people are often drawn to big-name stores and chain retailers, they’re not as good for the economy as local businesses. When you spend your money on small businesses in your community, that money stays in the local economy at a higher percentage than that spent at chain retailers. When you spend your money on chain retailers, only about 14% of it will stay in the local economy. By shopping locally and supporting the small businesses in your area, you’re boosting your local economy. https://barrykornfeld.com/how-shopping-local-can-boost-the-economy/
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