Our friend Joe Grafton at Somerville Local First sent along this little tid-bit and I thought I’d share it with you. It’s just yet another reminder of the benefits of shopping locally. When you spend your hard-earned bucks locally, that’s more money for the local economy. It’s a system that benefits everyone - there’s no downside. Check it out…
There’s a new study out, further quantifies the benefits of shopping locally. It shows that if 600,000 residents shifted 10% of their shopping locally, the community would experience tremendous economic benefits, such as:
* 1600 jobs would be created
* There would be $137 Million in new economic activity
* There would be $50 Million in new wages earned
Yesterday I attended a press conference held at CitySquares customer, Model Ace Hardware in Allston. Mayor Menino was there to announcethe city’s new Boston Buying Powerinitiative. If you haven’t heard about Boston Buying Poweryet, than listen up! This truly is exciting news for local businesses.
Boston Buying Power is an energy buying group designed to allow small businesses to purchase energy at a long-term fixed price through access to the deregulated energy market. Boston Buying Power puts small businesses on a level playing field with the largest of commercial accounts and enables them to take advantage of benefits that until now have been unavailable to the small business community.
“Boston is committed to encouraging and supporting strong business communities. One of the ways we can do this is by advocating for small businesses and providing resources during difficult economic times,” Mayor Menino explained.
“Boston Buying Power is designed to give our hard working small business sector the peace of mind that comes from long-term price certainty and budget stability.”
Enrollment is easy and not only will Boston Buying Power begin saving you money today but they can lock-in that lower price for up to five years providing long term price certainty and budget stability for small businesses. More information can be found at www.bostonbuyingpower.com.
I’m in NYC this week attending the SES conference. I’m staying uptown at my friend Rich’s place. Last night, to thank him for putting me up (and putting up with me) I treated him to sushi and sake. Rich and I used to work together at Delphi.com, who later become Prospero.com, from 1999 thru 2001. Being that we share a professional background in the Internet (web 1.0?) we inevitably got to talking about CitySquares. As the conversation progressed and as we delved deeper into CitySquares, the business, he started to pick up on our themes about local businesses, mom-and-pops, Main Street USA. He expressed a strong interest and almost an intrigue in all of it, but not just from a business perspective, from a mission-oriented perspective - the Buy Local message. To begin the conversation I made sure to frame it in politically - I think that buying locally has nothing to do with politics and everything to do with just being a responsible citizen, no different than not polluting. He agreed.
After dinner we ended up a wine bar in the Upper West Wide called Wine & Roses. When we walked in, we were deep in the conversation, a friendly debate. We sat down at the bar right as I was trying to explain that consumer choice, in my opinion, is about three things:
Convenience: That is, what is closest to me or least interruptive to my day. Whether it’s a national chain or a local boutique, just give it to me quickly.
Budget: That is, I know how much I’m willing to pay, and no more. Whether it’s local, at a national brand, or online, I’m willing to take the time to find the best deal possible.
Community: I support my local mom-and-pop businesses, I believe they are essential to my community, and I value my relationship with them. I’m also aware of the economic benefits of buying locally.
It’s possible to have a hybrid of all three, of course, and most local businesses provide exactly that - convenience, affordability, and are actively part of their community. Redbones in Somerville’s Davis Square is a great example of this. They provide a quality product, excellent service, they are extremely convenient (they deliver this quality product on Redbones branded bicycles), and they are very active in the Somerville and Davis Square communities.
As we were discussing this and sat down at the bar, it happened to be next to the owner, Jennifer. I asked for her opinion on the topic and she more or less validated those three points with one major caveat - location. If you live in Manhattan, you have choices - lots and lots of choices. (But even that is changing, in a city like NY where you can’t walk three blocks without passing a national chain. It seems like the days of the local mom-and-pop are numbered in Manhattan.)
Anyway, the owner of this wine bar, Jennifer, explained that she was leaving for Arizona to see some family outside Mesa, and suggested that she is well aware that when she gets there she won’t have the same options and will certainly end up eating and buying at national chains. Now, she didn’t suggest this was a bad thing, or a good thing, but we all agreed that there is a reality in America where in some places consumers have choices about where to spend their money (the city) yet in others (Mesa, AZ) they just don’t.
Local businesses drive our national economy, this is a fact. They’re the oil in the nation’s economic engine. Local business is the best ingredient for any community’s success.
Anyway, to tie it all back together, and where we all seemed to agree last night, is on one simple but very important point - ultimately the consumers need to decide. That is very powerful. It doesn’t matter what political party you belong to, you surely still want the same things for your community, for your children, your family, and for your neighbors - your community. At CitySquares we really believe in this. It’s the mission behind the business. It all begins with the local businesses. Supporting your local and independent businesses is critical for your community’s sustainability.
To wrap it up, here is a brief illustration of what’s known as The Multiplier Effect, which is explained nicely in this brief video clip from an independent film called Independent America.
Ben Saren
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