As the holiday shopping season kicks into gear it is a good time to think about the benefits of spending your dollars with local merchants.
As the Downtown Cumberland Business Association pointed out earlier this year, for every $100 spent with local businesses, $68 will stay in the community. Only $43 stays in the community when the same amount is spent at a national chain. Spend money out-of-town and no dollars stay here.
Local businesses create jobs locally. Countless dollars are donated by local businesses to various community organizations and events. Local businesses invest in the community, help the tax base and are a major component in the local economy.
There also is the convenience of not having to travel a far distance to shop. Additionally, local merchants know the area and the people who live and work here — thus, they are able to offer products and services that they know their customers will want.
During a visit to downtown Cumberland just before last Christmas, Maryland Comptroller Peter Franchot emphasized the importance of spending shopping dollars at home.
“It’s the patriotic duty of everyone to shop local. These businesses employ our friends and neighbors,” he said.
Chances are you won’t be able to spend every shopping dollar in the tri-state area. But give local merchants first preference when possible — you’ll be helping local employees and employers.