If I Shop Local, Will It Really Make a Difference?

The countdown to Christmas is on! This is the time when we’ll all be hearing the words “shop local” dozens of times.

Regardless of age, most folks love the idea. A recent article from Forbes found that Boomers (80%) and Gen X (77%) were all about buying from small businesses, with Millennials (70%) and Gen Z (65%) also making an effort.

But while shopping locally sounds good, what difference will it make in Upton?

The Power of Small Businesses in Upton

According to the U.S. Small Business Administration Office of Advocacy, small businesses are a huge driver in Wyoming, accounting for 98.9% of all businesses in the state, employing more than half of our workers.

Supporting them is essential for our economic vitality. A report found that for every $100 spent at a locally-owned business, a whopping $73 remains in that community.

Compare that to the $43 that remains when purchasing from a corporate chain. When multiplied over and over, that $33 difference has a huge impact, especially in rural areas like ours.

Each of those dollars support Upton with increased tax revenue, which helps us improve our services and infrastructure while also providing jobs for people. The result? A higher standard of living that everyone can enjoy.

But it also has a deeper, personal impact. Almost every business started out as a small, local one. By supporting our talented makers during the gift giving season (and beyond), you’re becoming a part of their success story. 

Our Businesses Support Our Community

We all know the importance of consumers supporting small businesses, but we often forget that those small businesses support us, too. That’s why shopping locally functions as a two way street. Everyone benefits!  

It’s been noted that independent locally-owned businesses recirculate 48% of their revenue locally compared to 13% by corporate chains.

So, what does that mean for Upton? When we buy local, we increase the demand for local goods and services. When that happens, wages, profits, and jobs also get a boost.

Dollar for dollar, when you shop local, you support economic growth, job creation, and one-of-a-kind restaurants and shops that add a vibrant dimension to the community.

These entrepreneurs are our neighbors, friends, co-workers, and students; folks who are often more than willing to roll up their sleeves and invest their time, money, and talents in support of our neighborhood. 

Do You Dream of Opening a Business in Upton?

Do you dream of opening your own business? Do you want to expand your operations but don’t have the funding, connections, or know how?

Reach out to us today to learn more about the financial incentives, grants, and business resources available to our small business owners.

What are you waiting for?