Supporting local business is more important than you might think.
…buying close to home may be more than a feel-good, “it’s-worth-paying-more-for-local” matter. A number of researchers and organizations are taking a closer look at how money flows, and what they’re finding shows the profound economic impact of keeping money in town—and how the fate of many communities around the nation and the world increasingly depend on it. – www.time.com
The economy is like a circulatory system. When you buy locally, money stays in the community and is three times more likely to re-circulate rapidly within that community. When money leaks out of a community, it is like a wound that weakens the local economy.
It’s important to keep money in a community and changing hands quickly. This benefits many and keeps the local economy alive and vital.