By Kelly Spors.
Major corporations have changed the dynamic of shopping in the United States over the past few decades, with many big-box stores driving out small, local retailers by undercutting their prices and building mammoth operations. But in cities and towns all across America, locally owned businesses are finally making a comeback—and it’s making a difference.
Local businesses are known to have a “multiplier effect” on their communities—the idea that every dollar spent at a local, independently owned business stays in the community and generates a far greater economic value by creating jobs and more localized spending. But it’s not just about the economy: Research shows that vibrant local business communities lead to more charitable giving in a community, more walkable neighborhoods with unique character and less pollution.