How to Strengthen Your Local Economy

Mark Gordon BrownStarred Page By Mark Gordon Brown, 27th Jan 2011 | Follow this author | RSS Feed | Short URL http://nut.bz/1.nj4yxi/
Posted in Wikinut>Money>Economics

Everyday should be “support your local economy” day. By supporting your local economy you keep money in your community. Learn how to keep your country strong by shopping locally.

Where does your Money Go?

Many times we don't think about what we buy, or what we spend our money on. Sadly most of what we buy, or spend our money on, actually sends our money elsewhere, often out of our area, or country.

When we shop at chain stores, big box stores, franchises, whose head offices are elsewhere, and who may have investors from all over the globe, we send money out of our community, and sometimes out of our nation. Only a small portion of the money we spend at these places stays local, typically in the form of wages, which in turn may be spent at stores where the money leaves our community forever.

When we look at what we buy, if it is not made locally, or made from products that were not made locally, again, the money is gone - paying for manufacturing that took place out of our community, or nation.

When we look at what we eat, if it was not grown, or produced locally, where did it come from? Many food products come from other nations.

Ways to Support your Local Economy

The order of thought needs to be this:

Community – City – District – State or Province – Country – Continent

We must try to shop, or spend money, within our community, then city, and so forth. This also has a double edge in that we must also try to buy, or consume, products made within our area.

For example: Eating at a locally owned restaurant is better than eating at a chain restaurant, but eating at one that buys its goods locally from local farmers is even better. Not all restaurants do this, as most buy from wholesalers, and chains often buy from wholesalers located out of the immediate area.

Good Places to Shop

Local Farmers Markets
Local Craft Stores
Farmers Markets
Second Hand Stores (no manufacturing expenses leaving our area)
Garage Sales
Pick Your Own Berry Farms
Auctions

People who want to support their local economy can also consider donating to local charities, such as our local Food Bank, or local Animal Shelter (SPCA).

Support your Local Economy Today!

Always look at where things were made (except when buying second hand). I am trying hard not to say don't buy “Made in India” or “Made in China” because if you live in those nations that is certainly what you want to be buying! Look for an indication that a product was not only made in your country, but as well made in your area. Ideally everything that went into making a product should have also come from your area - or been from locally recycled materials.

An additional benefit when buying things that are local in origin is that we help reduce greenhouse gases that often come as the result of shipping and transport.

Everyday should be “Support Your Local Economy Day”.

Links

Food Banks Need Healthy Donations

End Cruelty and Suffering - Start in your Area

The Best Reasons to Shop and Charity and Second Hand Stores

Join Me on Wikinut, Get Paid!

Tags

Buy, Buying, Consumer, Economy, How To, Local, Made In China, Made In India, Made In Usa, Money, Products, Profit, Shopping, Small Business, Spending, Stores, Strengthen, Support

Meet the author

author avatar Mark Gordon Brown
Raised in Michigan, I have a son who recently joined the Military. I am living in Canada with my wife where we have a hobby farm.

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Comments

author avatar Jerry Walch
27th Jan 2011 (#)

Very important to support local merchants and producers.

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author avatar Carol
27th Jan 2011 (#)

Great post Mark, and I totally agree about supporting local tadesmen

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author avatar Retired
27th Jan 2011 (#)

Excellent work.

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author avatar James R. Coffey
28th Jan 2011 (#)

I always favor local shops. Only shop in a chain store or large department stone when I have no other option.

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author avatar Diane Ziomek
28th Jan 2011 (#)

I try to support local businesses whenever possible, but occasionally I have to go elsewhere to buy what I need. I am planning on growing a market garden in the next year or two, and I am hopeful I will get the local support I try to give businesses now.

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author avatar christopheranton
28th Jan 2011 (#)

Important things to remember.

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author avatar Jenny Heart
30th Jan 2011 (#)

Makes me want to be a smart shopper.

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author avatar Greenfaol
30th Jan 2011 (#)

Excellent article, Mark. Very true and well said. Not only locally, but also seasonally as well (this really encourages buying locally) :D

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author avatar R. Person
14th Feb 2011 (#)

I completely agree
Besides, you can find the most unique stuff at local stores.

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author avatar Retired
27th Feb 2011 (#)

Thanks for the tips...to support your local markets, et al.

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author avatar Tranquilpen
3rd Mar 2011 (#)

Thank you Mark, you are right on the nail with this article and yes, as far as I possibly can I buy Local as "Local is Lekker!"(Afrikaans for Great). Perhaps sadly, all our locally produced commodities are "out gunned" by China, Taiwan etc. price-wise.

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