Reasons to Support Local and Small Businesses in Canada

Did you know that over 95% of the employer businesses in Canada are considered to be small businesses? This means that when you support local and small businesses in Canada, you are helping to create and maintain jobs within your community. There are many additional reasons that small businesses are important to Canada.

Many Economic Benefits

There are a wide range of different economic benefits that make the support of local and small businesses in Canada important. When you spend $1 in a local business, it re-circulates and creates $7 worth of local economic activity. This is done through the following:

• When employees earn wages from working at a small business, they spend it locally on food, restaurants, gas, housing, entertainment, home improvements, and home & automobile repairs.
• Then the money gets circulated to these local businesses’ employees and all of the utilities and hired professionals/services.
• The money gets put back into the economy through both property and income taxes.
• Nonprofits within your community get more support when you are shopping at small and local businesses. These are the businesses that are eager to donate to things like school events.

With so many economic benefits, there are many reasons to support small businesses.

Help Keep Unique or One-of-a-Kind Businesses Alive

One of the best things about small businesses is that they can offer a unique charm or characteristic that you do not see with chain stores. These businesses can also be specialty businesses that carry products that big box stores ignore. Help inspire future generations of entrepreneurs to bring their unique dreams alive by shopping at local and small businesses in Canada.

Reduce Your Carbon Footprint While Helping Your Community Reduce Theirs

Shopping local is a great way to reduce the carbon impact that you have. With more local and small business shopping, your community’s carbon footprint can also be reduced. When you choose local farms for your food, it tastes better. The farmer is not forced to ship his goods somewhere, then to have them shipped to stores after processing, and finally to take them back home after shopping. The environmental impacts of shopping locally can be very impactful for Canadian communities.

Have Better Choices

When you support small businesses, you help the Vancouver commercial real estate market grow where you live. This can lead to growth with more small businesses being introduced and more unique products and services being offered. If you have always dreamed of being able to find more products locally, the only way to help make this dream a reality is by taking the time to shop within the local businesses that are already there like caulking, Vancouver handyman services and North Vancouver handyman services businesses

Don’t get stuck only shopping at the superstores that we have all become accustomed to. Start going to as many local and small businesses as you can within Canada. You will be helping make an impact within your community and you will be helping to bring more businesses to where the area that you live in. If you have a new small business idea and want to get started, contact a Port Moody Realtor.