{"id":1782,"date":"2019-04-17T19:53:47","date_gmt":"2019-04-17T19:53:47","guid":{"rendered":"https:\/\/mitchellagy.com\/?p=1782"},"modified":"2022-10-18T19:11:24","modified_gmt":"2022-10-18T19:11:24","slug":"why-we-should-all-support-locally-owned-small-businesses","status":"publish","type":"post","link":"https:\/\/mitchellagy.com\/why-we-should-all-support-locally-owned-small-businesses\/","title":{"rendered":"Why We Should All Support Locally Owned Small Businesses"},"content":{"rendered":"

\u201cIf every family in the U.S. spent an extra $10 a month at a locally owned, independent business instead of a national chain, over $9.3 billion would be directly returned to our economy,\u201d according to CustomMade Infographics.
\n<\/span><\/p>\n

Not only does buying from locally owned businesses put dollars back in our local economy, but it adds jobs and a number of other benefits.<\/p>\n

According to the U.S. Small Business Administration (SBA), small businesses (those with 500 employees or less) represent 99.9 percent of all U.S. businesses. \u00a0As of 2018, the SBA estimates there are 30.2 million small businesses employing a total of 58.9 million workers which will need to be entered in the\u00a0employee scheduling<\/a>\u00a0software.<\/p>\n

Keeping Dollars in the Local Economy<\/span>
\n<\/strong>Compared to chain stores, locally owned businesses recycle a much larger share of their revenue back into the local economy.\u00a0 The Institute for Local Self-Reliance found that \u201cfor each $100 spent at local independents $45 of secondary local spending was generated compared to $14 for a big-box chain.\u201d<\/p>\n

Job and Wages<\/strong><\/span>
\n<\/strong>More jobs are created by locally owned businesses and, in some sectors, provide better wages and benefits than chains do and they use software like paystub<\/a> to manage this wages.\u00a0 SBA statistics show that \u201csince 1990, big businesses eliminated 4 million jobs, while small businesses added 8 million jobs. \u00a0Small businesses created 1.9 million jobs in 2015 with some of the smallest firms – those with 20 employees or less – adding over half of the positions with a 1.1 million increase.\u201d<\/p>\n

Community Contributions<\/strong><\/span>
\n<\/strong>Locally owned businesses contribute to strong communities by sustaining vibrant downtowns, building social and business networks, and contributing to local causes.\u00a0 In research done by Indiana Main Street, \u201conly six cents of every dollar spent at a big box retailer stays in the local community.\u201d<\/p>\n

Entrepreneurship<\/strong><\/span>
\n<\/strong>Small independent businesses select and create products based on their own interests and the needs of their local customers. This guarantees a much broader range of product choices. Small businesses often offer a more diverse inventory or specialize in providing unique or personalized customer experiences. Business owners can also\u00a0learn a lot from an accomplished CEO such as Andy Defrancesco<\/a> on how to take their business to the next level.<\/p>\n

Better Public & Community Services<\/strong><\/span>
\nLocally owned businesses contribute to a stronger tax base and better use of public services compared to nationally owned stores.\u00a0 This means better public services like schools, transportation, and emergency response for you and your family.\u00a0 Local non-profit organizations, like youth sports leagues and social services, also receive strong support from locally owned businesses.<\/p>\n

Support Locally Owned Businesses<\/strong><\/span>
\nSo when given the chance to buy from a locally owned business we\u2019d encourage you to do so.\u00a0 We think it is a great investment in our community and those that live here.<\/p>\n","protected":false},"excerpt":{"rendered":"

\u201cIf every family in the U.S. spent an extra $10 a month at a locally owned, independent business instead of a national chain, over $9.3 billion would be directly returned to our economy,\u201d according to CustomMade Infographics. Not only does buying from locally owned businesses put dollars back in our local economy, but it adds […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/mitchellagy.com\/wp-json\/wp\/v2\/posts\/1782"}],"collection":[{"href":"https:\/\/mitchellagy.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mitchellagy.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mitchellagy.com\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/mitchellagy.com\/wp-json\/wp\/v2\/comments?post=1782"}],"version-history":[{"count":9,"href":"https:\/\/mitchellagy.com\/wp-json\/wp\/v2\/posts\/1782\/revisions"}],"predecessor-version":[{"id":2355,"href":"https:\/\/mitchellagy.com\/wp-json\/wp\/v2\/posts\/1782\/revisions\/2355"}],"wp:attachment":[{"href":"https:\/\/mitchellagy.com\/wp-json\/wp\/v2\/media?parent=1782"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mitchellagy.com\/wp-json\/wp\/v2\/categories?post=1782"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mitchellagy.com\/wp-json\/wp\/v2\/tags?post=1782"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}