Money grows on trees; when you buy locally grown and
produced products.
Utah Business • Feb, 2008 • The money cycle is a way of describing the way money
flows through an organisation
Too often, consumers spend their money on goods or services with no
local presence, resulting in any increased benefits immediately leaving
our community. Concern for the Utah economy is not the lack of resources
or money flowing through our neighborhoods, but what consumers, public
services and businesses do with that money.
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Suppose that we introduce $1,000 into our community. These dollars
are spent on local goods and services. Each of the local vendors or
service providers uses the money they received to purchase other local
goods and services. This cycle repeats itself many times before the
money is finally used to import goods or services from outside the
region. In this case, if the cycle happened eight times, that would be
like introducing $8,000 into the community. See how the dollars pile up?
Now picture that money being spent immediately with businesses
headquartered in other regions on imported goods. These dollars have
very little effect on our community. One thousand dollars would only
have the effect of $1,000, rather than several thousand.
Purchasing products from non-local sources can be compared to strip
mining. Strip mining is controversial, jeopardizes the environment, and
is expensive or impossible to reclaim. Only the expanded national
businesses benefit, and local communities are damaged. Outside
businesses are successful in finding our resources, taking the cash and
running with it. On the other hand, buying local products and supporting
local business can be likened to sustainability and growth in the
neighborhood economy.
Additionally, consumers who make the choice to share in the local
shopping practice feel good about what they are doing and become
promoters or "localvores" that build a strong sustainable food
and service base. These promoters share values, vision and actively
endorse this culture to their friends. Localvores solidify their
experience by continuing to look for opportunities to support and shop
at local stores and use local services when it is possible.
Are you up to the challenge? Do you want to reduce your
environmental footprint while supporting local farmers, food production
facilities, restaurants and grocery chains? People who are advocates of
purchasing local products recognize there are environmental, economic,
political and physical benefits. Their concern is to keep small farms
viable, create community food security and control a local food supply,
rather than forfeit these rights to multinational companies concerned
only with short term profits.
What is a "localvore?" In the same vein that a carnivore
eats meat, and a herbivore eats plants, a localvore is a person who eats
locally grown and produced food and supports local businesses.
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NOTE: All illustrations and photos have been removed from this article.