As Real Estate Agents who live in Bowie, Maryland, one of our biggest concerns is ensuring that local real estate values continue to appreciate as neighborhoods improve, businesses grow, and people are able to sustain safe, quality relationships with their neighbors.
There are many factors which contribute to this, but one of the most important stable investments you can make in your community is by patronizing local, independent businesses. Not only is it convenient, but it helps strengthen the community.
Whether it’s the holiday season pushing you to peruse Bowie Town Center or the Market Place, or simply picking up a few items for your everyday needs, making the choice to shop locally and independently can contribute hugely to a successful community.
Consider these economic statistics gathered from a range of credible sources by “Independent We Stand” (www.independentwestand.org), a website dedicated to helping small, local, and independent businesses thrive:
Small businesses accounted for 65% of all net new jobs over the past 17 years.
Small businesses employ 77 million Americans.
89% of consumers agree that independent businesses contribute positively to local economies.
Residential neighborhoods served by a successful independent business district gained, on average, 50% more in home values than their citywide markets.
Independent retailers return more than three times as much money per dollar of sales than chain competitors. Independent restaurants return more than two times as much money per dollar of sales than national restaurant chains.
If independent businesses regained their 1990 market shares, it would create 200,000 new small businesses, generate nearly $300 billion in revenues and employ more than 1.6 million American workers.
If just half the U.S. employed population spent $50 each month in locally owned independent businesses, it would generate more than $42.6 billion in revenue.
For every square foot a local firm occupies, the local economy gains $179 vs. $105 for a chain store.
Shop locally and see your purchases as an investment in your home and your neighborhood.
The next time you’re thinking of shopping, see where you can do business with people who live and work nearby. Shop local! Shop independent!
If you’re looking for referrals to some of the best small businesses in our area, including insurance agents, bankers, and contractors, please get in touch! I’m happy to connect you to my network!
Bowie, MD Real Estate Listings, Upper Marlboro MD Real Estate Listings, Silver Spring MD Real Estate Listings, Washington DC Real Estate Listings and Real Estate Services. The Watkins Team are your local Real Estate Experts for Upper Marlboro and the surrounding areas! Looking for a Realtors who can help you sell or purchase a home, my online services are available to assist you now and you can also email, text, or call me: The Watkins Team 202-489-5478.
