3 min read
In recent years, the push for "local shopping" has become a popular mantra, often misunderstood as simply buying from businesses in our neighborhood. However, this perception misses the core essence of what truly defines local shopping. It's not about the geographic location of the business, but rather about how much money they keep circulating within the local economy.
Many of us are unaware that our spending at seemingly local businesses often ends up in the coffers of multinational corporations. This phenomenon, known as economic "leakage," means that the money we spend leaves our community, potentially forever. Contrary to this, some businesses consciously reinvest local spending back into the community, thereby creating jobs and fostering economic stability. This cycle of reinvestment is what truly embodies local shopping.
Supporting businesses that keep money local is crucial. These businesses are the bedrock of a thriving community, ensuring that our spending continues to benefit our immediate surroundings. It's about creating a self-sustaining economic ecosystem where each dollar spent circulates multiple times within the same community, amplifying its impact.
At WingZ, we recognize the importance of understanding and influencing how money flows in our economy. We are committed to developing innovative solutions that help retain more funds within communities. Our initiatives aim to minimize leakage and maximize local economic benefits.
Consider this: keeping just 10% more money local can have a monumental impact. In Canada, for example, this could mean retaining over 40 billion dollars within local economies, creating tens of thousands of new jobs. This is not just a boost for local businesses, but a significant step towards economic resilience and community empowerment.
In conclusion, the true spirit of local shopping transcends the mere location of a business. It's about supporting those who reinvest in our community, creating a cycle of prosperity that benefits everyone. By shifting our focus and spending habits, we can collectively strengthen our local economies, making them more robust and self-reliant. At WingZ, we are at the forefront of this movement, paving the way for a future where communities thrive through the power of local shopping.
Keeping money local isn't just an economic choice; it's a commitment to our neighbors, our streets, and our shared dreams. When we invest in local businesses, we're investing in the heartbeat of our community. We're saying 'yes' to authentic experiences
We respectfully acknowledge that we're headquartered on the traditional, ancestral, and unceded territory of the Coast Salish peoples including the xʷməθkʷəy̓əm (Musqueam), Sḵwx̱wú7mesh (Squamish), and Sel̓íl̓witulh (Tsleil-Waututh) Nations. We're grateful to live, work, and play here and value our relationships with their land.
