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4 Big Benefits of Supporting Small Businesses

4 Big Benefits of Supporting Small Businesses

Local businesses bring an immense amount of value and character to our communities. Unlike larger companies, local businesses are often made up of people we actually know, who consistently strive to make an impact. We can buy local, eat local and go local in an effort to support those around us. 

If you try to live an altruistic life, you might already be involved with one or more of your favorite nonprofit organizations nearby. But did you know you can give back by supporting small businesses? Here are some hows, whys and benefits of supporting small businesses for your altruistic lifestyle.

 

Strengthen the local economy.

According to Civic Economics, for every dollar spent at an independent business, three times more money is returned back into the local economy compared to that spent at a larger chain store. And compared to an online retailer, 50 times more money is returned. 

This money is going into the community, helping to strengthen other businesses, people and nonprofit organizations. Because of their extreme reach and exposure, large chain stores and online retailers don’t have the same incentives, reasonings or know-how to invest in smaller communities, meaning the money spent there doesn’t always go back to a good cause. Instead, support local businesses to strengthen the economy in your community.

 

Create more jobs.

With those small businesses come individuals in need of employment. According to the Small Business Administration, the 28 million small businesses in the U.S. have provided 55% of all jobs and 66% of all new jobs since the 1970s. When you support small businesses, you make a vital difference for people in your community who might be searching for employment. 

We have little control over large corporations and their hiring decisions. But, with local businesses, we can help boost their budget enough to hire our friends, family or neighbors—people who would probably experience much more competition at a large chain store. 

 

Reduce environmental impact.

Locally-owned businesses often make more local purchases for their products, requiring less transportation and outsourcing. They also typically consume less land and create less traffic and air pollution. All of this leads to less congestion, less habitat loss and less pollution overall. This is a pretty big step. When you support small businesses, you help make a difference in the community near and far by making choices that are environmentally-friendly.

 

Build nonprofit relationships.

One of the most beautiful things about small businesses is their partnerships with local nonprofits in the community—working together to help people living right down the street from you. Small businesses can build strong relationships with charities nearby, helping to create a better community for everyone to enjoy. When you support small businesses with your purchases, you help build up their revenue which they can in turn use toward nonprofits. If you already plan on making a purchase, choosing to buy from a small business is the best way to ensure your purchase also gives back.

Supporting small businesses is an important part of living an altruistic lifestyle. Not only do they strengthen the local economy and create more jobs, but they also have a lower environmental impact and can build powerful relationships with nonprofits in the community. Next time you have a purchase to make, try to support a small business near you, and give back to the community you love.

SPECIAL ANNOUNCEMENT:

Dear Clients & Supporters,

As you may have heard, our office in Pueblo was maliciously vandalized by an unidentified gunman, just after midnight on the evening of June 2nd.

Footage from our security cameras shows an initially calm scene, before what appears to be a man walking by nonchalantly, hands tucked in pockets, suddenly stopping and turning to withdraw a firearm. The gunman then starts dashing, firing shot after shot directly at our storefront.

This person and their weapon have caused immense harm. Financially, the estimated damage exceeds $25,000. The same bullets that shattered glass and pierced through walls have wounded our hearts. However, the cost of this emotional damage cannot be measured in dollars. If there is a silver lining, it’s that nobody was physically hurt - or worse. For that, we’re eternally grateful.

To be clear, this individual and this destructive act, are not linked to the Black Lives Matter movement or protests of any kind. Unfortunately, we believe this anger to be rooted locally in a conflict between a tenant and their disgruntled clients.

In the wake of the ongoing pandemic and riots spurred by civil unrest nationwide, we know things are uncomfortable right now. We know people are upset and hurting. We're hurting too.

As much as it pains us to board up these windows and doors and close our building, we have no other choice but to do so until we can get them fixed. Despite our office being closed, rest assured, we are still working.

While the need for our services grows, so does our need for your support. In fact, we need you now more than ever. Whether it's time or a monetary donation, anything you can do to help us continue promoting healthy, vibrant neighborhoods across Southern Colorado is not only sincerely appreciated; it's vital to actualizing our mutual goals as a community. You can make your contribution, securely and conveniently online at https://nwsoco.org/how-to-help/donate.html or to submit interest in volunteering please visit https://nwsoco.org/how-to-help/volunteer.html.

We want you to know, we will be back, and we will continue to fight for a better Southern Colorado. To get there, more of us need to change. Amidst these changes, one thing will remain certain: our commitment to serving you and the entire Southern Colorado community.

The pain we feel now will pass, just like the time we have with those we love. Remember to take care of each other. If this unprecedented time has taught us anything, it’s that we need each other more than we could have ever known.


SPECIAL ANNOUNCEMENT:

A Message about Our Services in Light of Coronavirus (COVID-19) – UPDATED 06/09/2020

NeighborWorks Southern Colorado cares about the health and safety of our customers, staff, and community partners. Out of an abundance of caution, we are suspending in-person workshops and counseling appointments temporarily. We will continue to provide homebuyer education and counseling services virtually, and you can reach our employees by phone or email. We will not be receiving visitors to our office until further notice.

We are in the process of contacting customers registered for our Homebuyer Education Workshops or scheduled for an in-person counseling appointment to make other arrangements. If you need to reach us, please call (719) 544-8078.

We are monitoring the news closely and taking advantage of this time to do updates and upgrades to our building to better serve you when we re-open; we will post updates about our services to this website. Thank you for choosing NeighborWorks Southern Colorado as your trusted partner and first choice for homebuyer resources in Southern Colorado.

06/09/2020

Please take precautionary measures... Be safe and stay healthy

Our Impact in 2019

  • Attended Group & Online Classes

    1154

  • New Homeowners

    641

  • Dollars Invested Into Communities

    125,400,000

  • Dollars in Mortgage Loans Originated

    2,700,000

  • Dollars in Small Business Lending

    150,000

  • Homes Built & Sold

    5

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