Earlier this month, we recognized Small Business Week. In 2020,
No community wants to see its small businesses struggle. The area risks losing the business, and the local character they bring to the residents and visitors. With that in mind, we are reminded of why it’s important to support local businesses.
Supports Local
Character and Community
Online shopping and big corporations have created a homogenized shopping world. If our local communities preserve their one-of-a-kind businesses, their distinct features have an economic advantage.
Keeps Dollars in Your
Local Economy
Since COVID-19 shuttered so many businesses, any support for your local economy is appreciated, but also recycled. Unlike the big box stores, a local business is likely to reinvest in its local economy, creating jobs and better wages or supporting neighboring small businesses.
Promotes
Sustainability
Local stores help sustain the town center that we often see in small towns outside of bigger cities. They are vibrant and walkable, critical to reducing urban sprawl, vehicle use, and pollution.
What we can do to support our local small businesses:
Spend Local
Is your family planning a weekend getaway? If you find yourself walking the town village, look for souvenirs from a local craftsman. A souvenir from a local shop is likely handmade and unique to the region.
Eat Local
Eating locally is a special treat, particularly when you’re on vacation. Most families don’t want to visit a chain while spending quality time together. Look for a restaurant where its food represents the region or popular favorites of the area.
Spend Local
In addition to shopping and eating locally, there are other avenues to supporting your community.
Consider services from your local small business. For example, is your home’s exterior looking tattered, and you need to hire a painter? Don’t go into your local big box hardware and ask for a painter. Take the time to search and hire somebody locally, possibly making a difference in their small business.
At MSB, we know supporting small local businesses has a positive environmental and financial impact on our community. We encourage our customers to consider local businesses before going online or visiting a bigger store.
MSB also recognizes Trust
Is Earned™, not simply claimed. To that end, we seek first to understand your
financial needs and objectives. We offer commercial loans with a diverse
selection of commercial loan products specifically designed to fit the needs of
your business. Contact us at 815-385-3000. Visit our Facebook Page!
Sources:
https://www.mchenrysavings.com/Commercial/commercial_loans.html
https://www.fundera.com/blog/small-business-week
https://www.sba.gov/national-small-business-week
https://business.bviccha.org/events/details/national-small-business-week-2021-2612
https://www.semrush.com/blog/small-business-stats/
