Schumacher Center for a New Economics

Why It's Time to Crowd-Source Our Neighborhoods and Build Up America's Local Economies

The worth of a local business cannot be summarized by its balance sheet alone. As the Preservation Trust of Vermont notes, “many businesses, especially in… rural areas, play an irreplaceable part in community life that isn’t captured in the daily sales transactions.” Judy Wicks champions the creation of such “beautiful businesses,” the success of which can benefit the whole neighborhood.

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Buying Local Is the Key to Strong Regional Economies

In the leaky bucket analogy for local economies, money flows into a region to circulate through local businesses like water into a bucket. Water that leaks out is money that escapes the local economy to pay for imports. The more watertight the bucket, the more wealth retained.

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