Buying And Trading Locally: Where Does Your Dollar Go?

If $100 is spent at the local auto parts shop, that $100 has a much greater chance of staying within the community. Instead of leaving the community in the form of franchise fees, the money stays in town and goes for advertising on the local radio station, helping to keep their doors open. That local business owner employs several people in the community. He himself likely lives in the town, spreading his money around to a wide array of businesses in the town. Every extra dollar being spread around the community is good for the repairman's business.

Provided by: American Express Topic: CXO Date Added: Nov 2010 Format: HTML

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