As the holiday season draws near, the importance of shopping locally and supporting small businesses cannot be overstated. These small enterprises are the backbone of our communities, playing a crucial role in fostering local economies and enhancing community spirit.
The Economic Impact of Supporting Local Businesses
In recent years, the economic landscape of Canada has shown an increasing reliance on small businesses. Statistics Canada reports that small businesses make up 97.9% of all employer businesses in the country, employing around 68.8% of the private sector workforce. This translates to over 8.4 million hardworking Canadians.
When we choose to purchase from local merchants, we are not just buying goods and services; we are investing in our communities. Every dollar spent locally generates approximately three times more wealth in the community compared to money spent at chain retailers. This happens because local businesses often source their goods and services from other local providers, creating a web of economic activity that stays within the community.
The Backbone of the Community
Small businesses are more than just economic entities; they are integral to the fabric of our communities. They bring character and uniqueness to our neighborhoods, offering personalized services that larger corporations simply cannot. Beyond their economic contributions, small businesses support local initiatives, sponsor community events, and are often the hubs for social interactions.
How to Support Small Businesses during Christmas
This holiday season presents a perfect opportunity to support small businesses. Start by patronizing local shops, restaurants and artisans for your gift-giving. Share your favourite local spots through social media and online reviews. Consider buying gift cards, which provide immediate revenue for businesses and invite new customers to discover them.
Supporting small businesses during the Christmas season isn’t just about economics—it's about preserving the rich tapestry of our communities. Let’s make this holiday season count by keeping our shopping local, spreading joy, and strengthening the bonds of our communities.