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Local economies newsroom

Strengthening Our Local Economies: Why It Matters and How You Can Get Involved

Your local economy is the heart of your community. Every time you make a purchase at a local business, you’re directly contributing to the growth and success of your area. The impact of these choices extends far beyond supporting a single business. They help cultivate a thriving, sustainable community where everyone benefits. 

What is a Local Economy?

A local economy consists of the businesses, services, and resources that sustain your community. From the corner café to the local hardware store, it’s where money circulates within the area, benefiting everyone who lives and works there.

Why Should I Care About My Local Economy?

Your local economy has a direct impact on your life. When it thrives, your community thrives too. A strong economy brings more jobs, better services, and greater opportunities for everyone. That’s why it’s so important for us to actively contribute to our local economies whenever we can.

How You Can Make a Difference

You have more power to strengthen your local economy than you might realize. Here’s how you can make an impact:

  • Support Local Businesses: Spend money at local businesses whenever you can, and share your favorite local spots on social media. Money spent locally circulates 2–4 times more in your community than money spent at chain stores. By shopping at independent businesses, you’re directly strengthening the local economy, benefiting both you and your neighbors.
  • Get Involved: Volunteer, attend local events, or connect with others passionate about your community. Your involvement fosters unity, which can lead to economic growth as people support each other and their businesses.
  • Use Goldbacks: Not only do Goldbacks encourage shopping local, but they also retain value better than paper currency. By spending Goldbacks, you’re providing extra stability for your community while directly investing in the people and businesses around you.