all-natural + hand-poured + soy candles
For every $100 spent at a locally owned business, $68 stays local. That means that locally owned businesses purchase more of their goods and services from other locally owned businesses and pay more local taxes. For every $100 spent at a non-locally owned business $57 leaves the community. Find out more here.
Local ownership means local stewardship. Local owners can decide how to operate their company, who to purchase from, and who to donate to—and that’s how they keep it local. Big chains rely on global corporate supply chains and marketing.
You can sit down and talk with the owner. Local businesses offer more personalized service, because they don’t have to follow protocol from a distant headquarters.
Local businesses rely on relationships, quality, and personal service to sell their products and services—not billion-dollar advertising campaigns.
Small businesses give two and a half times more per employee to local nonprofits than larger firms.
Local businesses keep jobs local—they won’t move operations to another country. Creative-minded entrepreneurs are more attracted to places with a distinct character created by the unique institutions of a place.
Local owners are often more invested in the environmental conditions of their city. Locally owned businesses are usually better situated for walking and biking, they support local agriculture, and they encourage local conservation efforts.
Locally owned businesses pay taxes here—not in another state or on another continent. Those taxes provide us with services and infrastructure that we need. A non-locally owned big-box store creates an annual tax deficit of $468 per 1,000 square feet.
Local, independent businesses contribute to the unique flavor of Bloomington.
Diversity in local businesses encourages competition. Friendly competition sparks innovation, quality, entrepreneurship, and creativity. In an increasingly homogenous world, a strong local character attracts the best, brightest, and most creative talent.
Want to know more? Here are some economic studies that show the benefit of locally owned businesses.
Support local business in Bloomington, Indiana by learning more about Local First Indiana at their website.