ord sunshine pumpers

life in rural nebraska

Buy local trends

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The Atlantic Monthly has another great read on more recent trends in the Buy Local realm – local currency.  While its not necessarily a *new* trend, it certainly does help that these efforts usually grow when the economy slides into recession.  We’ve mentioned in the past that buying local isn’t just about ethical obligations to support your local community, but that is has a real financial benefit as well.

A few interesting points:

One reason advocates like local currencies is that they keep value that’s been created by the community inside the community, instead of passing that value along to faceless corporate headquarters…

…local currencies boost the value of resources, such as local labor, that are undervalued in the dollar economy,” while also nurturing a sense of civic engagement.  And city councils should take note — although limited circulation prevents local currencies from significantly impacting the general economy, they do create a new source of revenue that can stimulate local investment.

A reminder to you all out there as well – we have our own local currency here in the Loup Valley; our Ord Area Chamber Bucks.  ChamberBucks can be purchased at the Chamber in demoninations of $5, $10, $20 and $50 and can be used at any Ord Area Chamber of Commerce Member.  Please, support your local businesses!


Written by Caleb

July 23, 2009 at 3:45 pm

One Response

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  1. […] convinced?  We’ve blogged before on the impact of buying locally here, here, here and […]

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