I am sure you've heard of the “Circle of Life” and “What goes around comes around,” but have you heard of the “Circle of Business”? When citizens shop at our local brick-and-mortar businesses, funds are generated for our infrastructure, city government, and school system, and jobs for our local citizens are sustained. The many diverse types of businesses in our community provide jobs for young people just entering the workforce, all the way through to high-level professionals. All of which helps to create the “Circle of Business.” Let me explain.
A person works for our local print shop. When they get their paycheck, they go and buy groceries at one of our local grocery stores for $300. The grocery store employee gets paid and buys a new set of tires at a local tire store for $800. The tire store owner has repairs that need to be done at the store and hires a local contractor who buys $4,000 worth of materials from the local lumber yard. The local lumber yard needs new shirts for their employees and for a promotional giveaway, and orders $1,500 worth of shirts from the print shop. I could string this concept on for much longer, but you get the idea. This scenario plays out repeatedly in our community when people shop locally. In this illustration of the “Circle of Business”, jobs are created, people receive pay, businesses are sustained, and around $300 in sales tax is generated for our community. When you multiply this by the number of people who live, shop, and work in our area, you can see the absolute importance of supporting our local businesses.
On behalf of the City of Central Economic Development Foundation, we want to express our appreciation to our business community and all our citizens who continually SHOP LOCAL! You help sustain the “Circle of Business”!