The five Ws of buying local, Part 1: A Blog by Peter Korchnak
The five Ws of buying local, Part 1: A Blog by Peter Korchnak
Summary
The 3BL Media blog roll is a select list of the most influential, respected, and authoritative voices in corporate social responsibility. Compiled from the 3BL Media staff’s extensive contacts with longtime CSR commentators, these bloggersoffer relevant news, opinions, and ideas about all things CSR in one convenient place.
(As with everything, buying local can be argued both ways, and while I lean strongly in favor of buying local, I can’t overlook its shortcomings. Hence 5W+1H over two posts.)
WHY buy local?
There are essentially three arguments for buying local. First, buying local means more money stays and circulates in your community, supporting jobs and tax revenue. According to one Oregon economist, a “dollar spent at a locally owned store is usually spent 6 to 15 times before it leaves the community. From $1, you create $5 to $14 in value within that community. Spend $1 at a national chain store, and 80% leaves town immediately.” I’ve seen variations of these statements circulating in my community.
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