Buying Local: How It Boosts the Economy

Buying Local: How It Boosts the Economy

Source: TIME

By: Judith D. Schwartz

This article is a few years old but it’s still one of the best to be written on the economic benefits of buying local. Here’s a quick excerpt:

“Buy Local”—you see the decal in the store window, the sign at the farmer’s market, the bright, cheerful logos for Local First Arizona, Think Boise First, Our Milwaukee, and homegrown versions across the states. The apparent message is “let’s-support-local-business”, a kind of community boosterism. But buying close to home may be more than a feel-good, it’s-worth-paying-more-for-local matter. A number of researchers and organizations are taking a closer look at how money flows, and what they’re finding shows the profound economic impact of keeping money in town—and how the fate of many communities around the nation and the world increasingly depend on it. Read the full story…

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