July is “Shop Local” month. It is the month to celebrate this concept for shopping local all year long. As presented in previous articles, spending money locally whenever there is a choice helps the overall economy in many ways.
A portion of the sales taxes collected on local purchases go directly to our city’s coffers. Think about any money spent in town as an investment in our town. It has a rippling effect. As an example, if you (or anyone, even a tourist) spend $50 on eating out at one of our local restaurants, you are investing in that restaurant and its people. That $50 may go toward paying someone’s paycheck or paying for a repair bill from a local contractor. That employee or local contractor can then spend that money at one of the shops for something they want or need.
In turn, that same $50 spent at the shops is another local investment in the shop where the money is spent because that shop now received another $50 that could have been spent elsewhere. See the benefits of shopping locally? The benefits to local people and businesses can go on and on as long as it is spent locally (preferably in Livingston County).
Therefore, if you have a choice whether you spend money locally or out of the area, think long and hard about what is the better choice! Will your $50 have a rippling effect?
“If that $50 could continue to be circulated each day of the year, that would mean an extra $18,250 in local business. That’s just one $50 bill! Take that times 100, and you keep $1.8 million local!” say Bobbi McKeon, owner of Heart’s Desire. “It makes me think harder about keeping business in town. Shop Local!”
Please call Bobbi at (815) 692-4500 or email fairbury@fairburyILattractions.com with any ideas or suggestions for interesting topics for our community.