Four Reasons to Shop at Small Businesses This Holiday Season
he holidays are quickly approaching and that means shopping, shopping and more shopping! While it’s easy to hop online to shop for that special gift to make our loved ones smile, it’s important not to forget about our local businesses too.
Small businesses are extremely important to our local economy. Here at FCCU we are thankful for the work they do to create jobs and fuel growth in our local communities. In fact, in 2010, Small Business Saturday was created to encourage communities to support each other by shopping local.
As we look toward the holiday season, there are a few reasons why it’s important to remember to shop at your local community stores.
- Money Spent Local, Stays Local- Quite simply, shopping local means your money stays local. According to Civic Economics, “on average, 48% of each purchase at local independent businesses is recirculated locally, compared to less than 14% of purchases at chain stores.”
- Uniqueness- It’s without a doubt many local businesses offer a unique shopping experience that you can’t have online. Small businesses tend to provide more personal customer experience and offer special one-of-a-kind gifts that you wouldn’t find elsewhere. Whether it’s a local, handmade product or a specialty food item, buying local can help ensure the gifts you’re buying are as unique as the person you’re buying them for.
- Brings Communities & People Together- A small business is often the realization of a life-long goal or dream. The products sold represent the imagination, passion, and dedication of the small business owner. We all have dreams, and we all want them to be supported. When you shop local, you are supporting the dreams of another human being.
- Helps Shape the Local Economy- According to the Small Business Administration, small businesses make up 99.7% of US employer firms, helping shape our local economy. Additionally, small businesses help bring diversity to our local communities. A community cannot thrive alone on just one specific business, but rather various businesses.
We shouldn’t need one specific day of the year to be reminded to shop or support local businesses. In reality, every day should be small business day! While shopping online might feel easier, hopefully you look locally first and find shopping at small businesses to be rewarding.
Also, as you look toward shopping this holiday season, don’t forget, we can help! Stop in to your local branch to see if you qualify for our Christmas Loan Special.
Finally, if you are a business owner yourself, don’t forget, FCCU has a full suite of business services from remote deposit capture to identity theft, ACH origination, business credit cards and more, to help you run your company better. Learn more.