SPRINGFIELD, Vt. – Thanksgiving is fast approaching, and Black Friday is not far behind. But many people don’t know about Small Business Saturday. This special holiday lands on the Saturday after Thanksgiving (November 26th, 2016) and the message is simple: SHOP LOCAL! This year, the Springfield Chamber of Commerce is partnering with the Springfield Coop and other local businesses to promote healthy commerce in our region.
Having gift buying on the brain is a great chance to support our local economy. Why is it important to shop local? The following comes from the Institute for Local Self-Reliance, a national nonprofit organization working to strengthen independent businesses and local economies, and is reprinted here with permission:
Ten reasons to support locally owned businesses:
1. Local Character and Prosperity- In an increasingly homogenized world, communities that preserve their one-of-a-kind businesses and distinctive character have an economic advantage.
2. Community Well-Being- Locally owned businesses build strong communities by sustaining vibrant town centers, linking neighbors in a web of economic and social relationships, and contributing to local causes.
3. Local Decision-Making- Local ownership ensures that important decisions are made locally by people who live in the community and who will feel the impacts of those decisions.
4. Keeping Dollars in the Local Economy- Compared to chain stores, locally owned businesses recycle a much larger share of their revenue back into the local economy, enriching the whole community.
5. Job and Wages- Locally owned businesses create more jobs locally and, in some sectors, provide better wages and benefits than chains do.
6. Entrepreneurship- Entrepreneurship fuels America’s economic innovation and prosperity, and serves as a key means for families to move out of low-wage jobs and into the middle class.
7. Public Benefits and Costs- Local stores in town centers require comparatively little infrastructure and make more efficient use of public services relative to big box stores and strip shopping malls.
8. Environmental Sustainability- Local stores help to sustain vibrant, compact, town centers-which in turn are essential to reducing sprawl, automobile use, habitat loss, and air and water pollution.
9. Competition- A marketplace of tens of thousands of small businesses is the best way to ensure innovation and low prices over the long-term.
10. Product Diversity- A multitude of small businesses, each selecting products based, not on a national sales plan, but on their own interests and the needs of their local customers, guarantees a much broader range of product choices.
Many small businesses in our area will be offering specials in honor of the Small Business Saturday holiday. If you or your business are interested to be a part of this important local initiative to promote prosperity in our region, we’d love to have you involved! The more the merrier!
Stay tuned for future updates. Or visit the Chamber’s Facebook Page and Like our Small Business Saturday Event to stay in the loop. Please contact Caitlin at the Chamber for more information: 802-885-2779 or firstname.lastname@example.org