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Showing posts with label local economy. Show all posts
Showing posts with label local economy. Show all posts

Thursday, June 10, 2010

DIggin' Deep - Part II

In the previous post I spoke about the effects that big box stores and national chains have on the local economy. Conclusions have been made by academia in the past that show how bringing Mass Merchandisers into the local community can actually be bad for the local economy. Of course, numbers and facts can be spun either way depending on which side of the fence you are on, so let's look at the other side. That is, how supporting local businesses effect the community.

First and foremost let's look at the economic impact. Compared to chain stores, locally owned businesses recycle a much larger share of their revenue back into the local economy, enriching the whole community. The tax base they create through sales, employment, and real estate taxes go directly back into the community. Small business never gets any sweetheart deals from local government. Locally owned businesses also create more jobs locally and, in some sectors, provide better wages and benefits than chains do.

Locally owned business also impacts the over all feel and support of the communities well-being. When was the last time you saw Target Store #345 take the field against Pizza Mia in the Plymouth Township little league? Local ownership also ensures that important decisions are made locally by people who live in the community and who will feel the impacts of those decisions.

What I also find intriguing that I think escapes most is the uniqueness or individuality that a community keeps, or even gains when local businesses are the focal point.

For this I have specific proof. If you look at New Hope, PA, or Manayunk, Skippack, or even downtown Phoenixville, all three of these town centers prosper. They do so as almost an attraction. These places are visited mostly on the weekends by thousands of suburbanites as almost a Theme Park. The thing they all have in common? 100% small business and local businesses occupy all four centers.

Now, New Hope is near Peddlers Village, and there are a few outlets there, but for the most part, it's the local businesses that support these "attractions". People flock to these things on the weekends and during the weeks in the summers when kids are off. They are peppered with restaurants and bars, and local clothing shops, candles shops, and book stores.

Why do you think these places are successful? What makes them the attractions that they have become? Is it the feel people get when shopping in a place that offers more of a community feel? You might not realize it but it's the answer I get every time I pose the question.

The point is that the creation of these places have proven that we, as consumers, and members of the community itself, crave this type of experience. We yearn for the feel of community. We want the closeness and the reciprocating support that we give and get, realizing that all of our efforts are being funneled right back into the community.

The benefits of a thriving local economy are many, and obvious. For it is the community that feeds that local business that in turn supports that community. In today's climate, I would think that most would agree that community is needed more than ever.

Wednesday, June 2, 2010

A person is smart...People are dumb, panicky dangerous animals

I love that line.  Can you name the movie?

I read a Facebook status update yesterday from a friend who was interested in how others could still support BP Oil.  Why not drive the extra 5 minutes or spend the extra $0.10 a gallon please?

One of the comments left was...  People blamed Bush, and now Obama for unemployment in this country while they drive to Walmart.

I thought that was pretty profound actually.  Not really relevant to the original post but insightful nonetheless.  It's also something that goes unnoticed in this country.  It's the same reason why people are still going to BP.  Convenience.

We have ridiculous lives today.  We really do.  We work more, we work harder, we have less kids than previous generations but ten times the amount of activities.  Every second is sucked out of our schedules by exterior forces and we struggle to keep up.  Convenience has become a staple in our lives.  With the pressures to keep up it's almost unavoidable to seek out the easiest and quickest way, and that is what drives our decision making when it comes to purchases more than anything else.

The country, and world for that matter, is now more than ever in a crisis.  Thought the banks going under and broke were an issue?  How about entire governments?  Who's next?  What's next?  For most it doesn't seem to matter too much as long as their bills are being paid, their kids are being fed, and being able to pay for college is starting to look a little more palatable.

I look back to something my grandmother told me a while back.  When there is a big hole, start with little tiny stitches from one corner.  Start by making it strongest in the little spot first, then work your way out from there.  Now, she was talking about a tear in my football jersey, but old people suffering from a little senility often offer the best advice.

We as people can't affect the global situation ourselves.   We're dumb, panicky, dangerous animals.  As a person, we are able to start within our own communities.  Participating, getting involved, supporting local businesses and therefore the local economy.  That is how we will, as people, be able to effect change that will have immediate impact on OUR lives.

Local business leaders have always taken on that challenge.  I've had debates about who are leaders are within the communities.  The obvious answer is the elected officials.  Those who affect policy, etc.  I will tell you that while I appreciate those who are in office, I view the local business men and women as much better leaders.  Not one that I have spoken to or have interviewed for this blog have denied their responsibility to the community.  They all understand their role in driving the overall growth of each local area, not just in economics but by helping schools, churches, and community centers.

These people are doing their parts.  We should do ours by supporting them.  For it is within the local communities where we must start to take control back for the sake of our future.