Local | PRO • BLUEPRINT |
Identify three things you usually buy on Amazon (lightbulbs, batteries, plant pots). Find a local hardware store or general store that sells them. Go in and ask the owner for help.
The word "local" has power because it cuts through the noise of globalization. It reminds us that we are not just consumers in a sea of 8 billion people; we are neighbors on a specific block. We are citizens of a specific town. The global economy will take care of itself. But the local economy? That requires your help. Identify three things you usually buy on Amazon
When you spend $100 at a big-box chain store, a significant portion of that money immediately leaves the community. It goes to a headquarters in another state, to shareholders on Wall Street, and to manufacturing plants overseas. Studies suggest that only $13 to $43 of that $100 stays in the local economy. The word "local" has power because it cuts
Check if your bank is a local credit union or a regional bank. Mega-banks use your money to build pipelines in Texas. Local banks use your money to build a skate park down the street. Switch if you can. The global economy will take care of itself
But the modern definition goes deeper. Local is not just about proximity; it is about . When you buy from a local entity, you can look the owner in the eye. You can trace the origin of the product. You can see the impact of your dollar. The Economics of Local: The Multiplier Effect Why do economists and city planners advocate for local businesses with such passion? The answer lies in the Local Multiplier Effect .