Looking for 5 benefits of shopping locally? Local, small business shops rely on the customers within their town to keep coming back on a daily or weekly basis.
- Tax Base. One of the five benefits of shopping in Bonney Lake is the increased tax base. By shopping with us, more sales tax is being generated by the store, and that tax can be used within our community. Common uses for local sales tax include investments in infrastructure, police and fire departments, libraries, and parks.
- Jobs. As a local shop, we employ local residents, which means there will be more job opportunities within our community. The increase in jobs also has a domino effect. We also need to hire other local residents to help with accounting, create store signs, marketing, etc.
- Product Diversity. Product diversity may not seem important at first, but it is a win-win situation for local customers. Big box stores have national sales plans, and generally do not stock their stores with products that are sought after within a specific region. Here, at Fleet Feet Sports Bonney Lake, we stock our store with products that YOU want and recommend we carry.
- Competition. Competition of local shops is another benefits of shopping locally. By having a multitude of local stores within our community, all of the stores will need to keep their prices competitive in order to gain your business.
- Community Well Being. The final benefit on our list of the five benefits of shopping locally is community will being. By shopping at Fleet Feet Sports Bonney Lake, you will most likely run into your friends and family more often, which helps unite the community together as a whole. As we grow, we also want to help local causes and charities.
Also, did you know...
- that for every $100 you spend at a local business, $73 will go back to the local economy.
- that for every $100 you spend at a non-locally owned business, only $43 will go back to the local economy.
- that small Businesses with less than 100 employees represents 99% of the business in the U.S.
- that 75% of the new jobs created in the U.S. are created by small businesses.