Ten Reasons to Support Locally Owned Businesses

Top 10 Reasons to Support Locally Owned Businesses 

1.   Local Character and Prosperity  

In an increasingly homogenized world, communities that preserve their one-­of-­a-­kind businesses and

distinctive character have an economic advantage.

 2.   Community Well-­Being  

Locally owned businesses build strong communities by sustaining vibrant town centers, linking

neighbors in a web of economic and social relationships, and contributing to local causes.

3.   Local Decision-­Making  

Local ownership ensures that important decisions are made locally by people who live in the

community and who will feel the impacts of those decisions.

4.   Keeping Dollars in the Local Economy   

Compared to chain stores, locally owned businesses recycle a much larger share of their revenue back

into the local economy, enriching the whole community.

5.   Job and Wages  

Locally owned businesses create more jobs locally and, in some sectors, provide better wages and

benefits than chains do.

6.   Entrepreneurship  

Entrepreneurship fuels America's economic innovation and prosperity, and serves as a key means for

families to move out of low-­wage jobs and into the middle class.

7.   Public Benefits and Costs  

Local stores in town centers require comparatively little infrastructure and make more efficient use of

public services relative to big box stores and strip shopping malls.

8.   Environmental Sustainability 

Local stores help to sustain vibrant, compact, walkable town centers-­which in turn are essential to

reducing sprawl, automobile use, habitat loss, and air and water pollution.

9.   Competition  

A marketplace of tens of thousands of small businesses is the best way to ensure innovation and low

prices over the long-­term.    

10. Product Diversity  

A multitude of small businesses, each selecting products based, not on a national sales plan, but on their own interests and the needs of their local customers, guarantees a much broader range of product choices.

*Originally featured by the Institue for Local Self-Reliance, learn more about supporting local community on their site.