You hear many people say it “Shop Small”. Â The idea is to keep funds circulating in one’s home community for the benefit of those who live in the area. Â I have long been a proponent of supporting farmers, artisans, and shopping locally when it is possible. Â So I started wondering, what kind of impact does buying small & local really have and how many people are aware of the effect.
I dove into some research on the topic and while very optimistic, I was more than surprised as some of the statistics. Â Here is what turned up about Buying Small & Local:
- Did you know that 48 percent of purchases at local independent businesses go right back into the community, compared to less than 14 percent of sales made at chain & big box stores?  Wow, that is cool! This data came from the research firm Civic Economics.
- According to the Small Business Administration, large businesses have eliminated 4 million jobs since 1990, while small businesses have added 8 million jobs within that same time period.
- For every $10 million of sales at Amazon, 14 jobs are created. Â That same $10 million with a local company creates 57 jobs.
- Seventy-seven million Americans are employed by small businesses. Two out of every three private-sector jobs in the United States are in the small business community. According to the Small Business Administration, small businesses have created 66% of all new jobs since 1995.
- Last but not least, 77 million Americans are currently employed by small businesses.
So I hope this illustrates for you how important your patronage at any small business really is. Â Our success is tied heavily to local patronage and it is the seed from which we have grown. By Buying Small & Local no matter the product, your community is supported and empowered to improve and grow!