3c hapter - Index of
3c hapter - Index of
3c hapter - Index of
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Buy Local, Eat Local . . . Invest Local 41<br />
more jobs in the area. I see this sort <strong>of</strong> cross pollination all the time<br />
in my neighborhood, where local businesses take pride in <strong>of</strong>fering<br />
Brooklyn- made wares in their shops and restaurants, and you’ll<br />
encounter many examples across the country in the pages to come.<br />
Independent businesses are also the mainstay <strong>of</strong> local advertising,<br />
helping to keep alive a vibrant local media that covers issues and<br />
politics <strong>of</strong> interest to the community. In an age <strong>of</strong> corporate media<br />
consolidation, that can mean the difference between cookie- cutter<br />
content and programming, and useful, on- the- ground news.<br />
Contrast that to typical corporations and chain stores, where<br />
purchasing, advertising, and charitable giving are highly centralized<br />
operations dictated by headquarters. Their models rely on<br />
economies <strong>of</strong> scale, so they procure from large suppliers who are<br />
tuned to the same model. Their vast supply chains stretch to China<br />
but bypass local vendors. Big corporations also tend to advertise in<br />
national venues and give to national charitable organizations.<br />
Terry Lutes, chief operating <strong>of</strong>fi cer <strong>of</strong> the Illinois Department<br />
<strong>of</strong> Commerce and Economic Opportunity, refers to these intangible<br />
qualities as social capital. “If you go to a local Little League<br />
ballpark, you’d see all the kids out there playing,” says Lutes, “and<br />
you would notice that it’s a local establishment sponsoring them.”<br />
(Hmm. Anyone ever seen Team Target?) “We’ve also noticed that<br />
it’s usually the local business people making good on giving to<br />
local charities and supporting local causes,” he adds. Indeed, local<br />
businesses give 2.5 times more to local charities per employees<br />
than nonlocal fi rms, according to one tally. 7<br />
In addition, as members <strong>of</strong> the community, local business owners<br />
are more likely to contribute in a time <strong>of</strong> need. A study <strong>of</strong> assistance<br />
in the wake <strong>of</strong> Hurricane Floyd in Pitt County, North Carolina,<br />
found that local branches <strong>of</strong> national chains were less likely than<br />
locally owned franchises to provide assistance to employees adversely<br />
affected by the storm. The national chains were also less likely than<br />
local businesses to contribute to relief and recovery efforts. 8 In Bay<br />
St. Louis, Mississippi, the lone locally owned radio station, WQRZ- LP,<br />
was the only broadcaster operating after Hurricane Katrina, providing<br />
a critical source <strong>of</strong> news when commercial stations went silent.<br />
A healthy independent business base is also critical to a region’s<br />
tax base. Many large corporations employ sophisticated tax strategies