Answer:
Below are two (2) ways local governments,
citizens, organizations and entrepreneurs can create more local economic activity.
Support locally owned businesses – Buy local!
The best way to help strengthen your local and regional economy is to support locally owned businesses.
“Communities with a greater concentration of small, locally owned businesses have healthier populations. They also enjoy higher rates of civic engagement and sustain higher property values.” (American Independent Business Association)
By supporting locally owned businesses, you: help support local job creation, keep more money circulating in your local economy, and often receive better service. Local business owners are literally invested in their local community so they are more likely to give back, doing so by sponsoring local community events and initiatives, for example. Local businesses contribute to the authentic character of a place and are often more likely to reduce their environmental impact.
2) Bank locally
Many people understand the value of shopping locally but overlook the benefits of banking locally. When you bank locally you help keep more money circulating in the local economy. Credit unions (or local banks) are more likely to lend to and invest in local businesses, they often sponsor local initiatives and typically provide community development programs.
