Working Together To Help Grow Our Community
By Brian Stansberry (Own work) [CC 3.0 (http://creativecommons.org/licenses/by/3.0)], via Wikimedia Commons
As one of the largest cities in the Appalachian region and one of the gateways to the Great Smoky Mountains National Park, we are lucky to live in an area with its many festivals, great shopping choices, and historic sites.
Like you, we regularly make purchases for our business. Whenever possible, we shop locally instead of the Internet to support our existing partners and others in the community.
Money spent locally creates a ripple effect, as businesses and their employees spend their earnings locally. This creates a cycle where a higher percentage of every dollar spent at locally-owned businesses gets re-deployed back into the community.
If the owner of a local Knoxville business is a local resident, then he/she is more likely to spend his/her earnings on products and services here in the area.
Also, a Knoxville business is more likely to utilize other local businesses to provide services (e.g., accounting, legal, advertising/marketing, catering, and entertainment). These businesses will, in turn, have more money to invest back into this area. They also pay taxes, which fund city services and make our community stronger.
Local businesses provide jobs for our neighbors, and the more you can do to aid local business growth, the more jobs you’ll help create. Local businesses tend to hire a greater percentage of their employees from their own region as opposed to companies headquartered out-of-market.
Simply put, if residents spend more at locally-based businesses, it pumps more money into our local economy and leads to:
- More companies doing business in the Knoxville area.
- More jobs in Knoxville.
- Higher demand for housing and commercial space in Knoxville communities.
- More funding for our area that translates into more services for residents.
With an increasing number of people perusing the global marketplace online, it has never been more important to "Shop Local", and support our local business owners.
Let's work together to help grow our community.
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