Invest in community this holiday season
Published 11:29 am Tuesday, November 20, 2018
We can all think big by shopping ‘small’ this holiday season.
Thanksgiving is just a week away and that means the commercialized extravaganza of Black Friday is building toward its crescendo — for better or worse.
It has gotten to the point where Black Friday events have creeped into Thursday, with a push toward taking over the entire week.
I hope Lincoln County citizens think carefully about where they spend their hard-earned dollars and focus more on a somewhat counter-initiative initiative — Small Business Saturday — next weekend, and really every day of the year.
Initiated by American Express in 2010 in what some would justifiably argue was a self-serving effort, Small Business Saturday has become the focal point of the grassroots Shop Small efforts, a year-round campaign to celebrate and support small businesses every day. The concept is built on the idea that shopping with small, independent businesses is an investment in our communities.
This has certainly been embraced by consumers over the years, but there is always opportunity to do more.
Almost a decade after it began, 97 percent of consumers who participate say they believe Small Business Saturday has had a positive impact on their community, according to the 2018 Small Business Saturday Consumer Insights Survey.
The survey also found that:
• Nine out of 10 consumers believe it is more important than ever to support small businesses this holiday season.
• About 83 percent of consumers plan to do at least some portion of their holiday shopping at a small, independently owned retailer or restaurant — either in person or online.
• Nearly all (96 percent) of consumers who plan to shop on Small Business Saturday said it inspires them to go to small, independently-owned retailers or restaurants that they have not been to before or would not have otherwise tried.
This local support is vital to the health of our communities. The same study shows that every dollar spent at a local business creates, on average, an additional 50 cents in economic impact.
Every year, The Interior Journal wants to drive home the benefits of supporting our small businesses. According to the Independent We Stand organization, here are 10 reasons why you should “shop local.”
1. More of your money will be kept in your local economy
For every $100 you spend at locally owned businesses, $67 will stay in the community. What happens when you spend that same $100 at a national chain? Only $43 stays in the community.
2. You embrace what makes your community unique
You wouldn’t want your house to look like everyone else’s in the U.S. So why would you want your community to look that way?
3. You create local jobs
Local businesses are better at creating higher-paying jobs for your neighbors. When you shop locally, you help create jobs for teachers, firemen, police officers and many other essential professions.
4. You help the environment
Buying from a locally owned business conserves energy and resources in the form of less fuel for transportation and less packaging.
5. You nurture community
Local business owners know you, and you know them. Studies have shown that local businesses donate to community causes at more than twice the rate of chains.
6. You conserve your tax dollars
Shopping in a local business district means less infrastructure, less maintenance and more money available to beautify your community. Also, spending locally instead of online ensures that your sales taxes are reinvested where they belong — in your community!
7. You create more choice
Locally owned businesses pick the items and products they sell based on what they know you like and want. Local businesses carry a wider array of unique products because they buy for their own individual markets.
8. You took advantage of their expertise
You are their friends and neighbors, and locally owned businesses have a vested interest in knowing how to serve you. They’re passionate about what they do. Why not take advantage of it?
9. You invested in entrepreneurship
Creativity and entrepreneurship are what the American economy is founded upon. Nurturing local business ensures a strong community.
10. You made your community a destination
The more interesting and unique you community, the more we will attract new neighbors, visitors and guests. This benefits everyone.
Will you be able to get everything on your Christmas list at small and independent businesses? Probably not, but that is OK. Every little bit helps and goes a long way toward investing in a bright future.
We can all say thanks to our community by foregoing the mad rush to big-box retailers and keeping more of our money right here at home.
Michael Caldwell is interim publisher of The Interior Journal. He can be reached at (859) 469-6452 or by email at firstname.lastname@example.org.