The “green ripple” effect of buying local, like the local multiplier effect, can yield multiple rounds of benefit. Local independent businesses — especially restaurants and retailers — typically carry a greater portion of locally-produced goods and use more local inputs, meaning less fuel consumption is required to keep the business running and shelves stocked.
Studies show that when you buy from an independent, locally owned business, rather than a nationally owned business, significantly more of your money is used to make purchases from other local businesses, service providers and farms continuing to strengthen the economic base of the community. Locally owned businesses can make more local purchases requiring less transportation.
Why buy local? By choosing local and independent businesses, you not only enjoy a more personal experience, you help: The casual encounters you enjoy at neighborhood–scale businesses and the public spaces around them build relationships and community cohesiveness. They’re the ultimate social networking sites! Each dollar you spend at independent businesses returns 3 times more money to your local economy than one spent at a chain.
At the Vermilion City Council Meeting on Monday, August 3, 2020, Mayor Forthofer stated a new development on Liberty East is planned, Tradesmen Park. “Most of Vermilion's business growth will be home grown,” stated the mayor. “Our seasonal demographics are just not attractive to the big retail chains. Tradesman Park is something I believe our community needs badly.”
Are you thinking about starting a business? Do you have a business you do on the side? Looking for a networking group? Are you trying to grow your business? Then the Women Business Owners Network of Lorain County is for you! Women Business Owners Network of Lorain County, Ohio.
The Vermilion Business Connection is a monthly meeting of local business owners, restaurateurs and retail merchants in Vermilion, Ohio. Open to everyone, the venue changes every month so you have a chance to meet other business owners. For up-to-date information on meetings, hosts and locations, join the Vermilion Business Connection Facebook. For more information, call Main Street Vermilion at (440) 963-0772.