The Levitch family of Scottsdale, Arizona has started an interesting quest. For the next 365 days they will only buy products and services from locally owned businesses. With the globalization of today’s economy, can they do it? Living and and buying local isn’t without its challenges, though. In the article from www.earth911.com they state:
“We’re shifting our whole lifestyle,” she said. “We can’t just hop over to Home Depot anymore.” But Levitch’s mission is more than that; it’s about thoughtful shopping. She’s not just replacing a Starbucks coffee with one that’s been locally roasted; she’s asking, “Do I even really need to buy that coffee at all?”
Giving up Starbucks is just the tip of the iceberg. The Levitchs have to open a checking account at a locally owned bank, transfer their prescriptions to a local grocer and are investigating if they can even buy gas. “Gas will be really interesting,” Levitch said. “I have to really ask who owns what and how that works, because I don’t think anyone knows.”
Buying locally has its advantages. According to a Civic Economics study, for every $100 spent at locally owned businesses, $73 stays in the local economy. Spend $100 at national chains and big box stores, and only $43 stays local. Plus if every American made one out of every ten purchases locally, the net effect would be $140 million in new economic activity, 1,600 new jobs created and $50 million in new wages.
Read the entire article at earth911.com.