Current weather

  • Clear sky
  • 25°
    Clear sky
  • Comment

Check your shopping list locally

Posted: November 23, 2013 - 2:16pm

With many folks around the Kenai Peninsula now making their Christmas lists, now is a good time for a reminder that while checking them twice, try checking out all that our local businesses have to offer.

Indeed, when money is spent locally, it becomes an investment that pays dividends throughout the local economy. Michelle Glaves, executive director of the Soldotna Chamber of Commerce, said that according to recent numbers she’s seen, a dollar spent at a local business will cycle through the local economy as many as seven times.

On the other hand, dollars spent elsewhere or online leave the community.

“When you spend local, it comes back local,” said Johna Beech, president and chief operating officer at the Kenai Chamber of Commerce. “It becomes self-sustaining.”

Glaves noted that area businesses are usually the first places people go when looking for support for community projects and events, high school sports teams, and all sorts of other local organizations — you name it, there’s usually a local business providing some sort of sponsorship. Glaves encouraged shoppers to support those businesses in return. As part of the Soldotna Chamber’s “Buy Local” campaign, Glaves said area residents are being challenged to visit at least one local business they either haven’t visited before, or haven’t visited in the past year.

In years past, one of the knocks on shopping locally is that some products just haven’t been available in this area. While that may be the case for a few specialty items, by and large, shoppers can find just about everything on their list at a local merchant. For more unique gifts, visit the many craft fairs and bazaars taking place over the next month — spending money with local artisans counts as buying local, too.

And if there’s still some thing on your list you just can’t find, Glaves recommends contacting the Soldotna or Kenai chambers of commerce. There just may be a merchant in the area that has that item, and chamber staff are happy to connect shoppers with businesses.

So, enjoy the thrill of the holiday shopping season, but remember, as you go through your list, spending your money locally is a gift that keeps on giving.

  • Comment

Comments (1) Add comment
ADVISORY: Users are solely responsible for opinions they post here and for following agreed-upon rules of civility. Posts and comments do not reflect the views of this site. Posts and comments are automatically checked for inappropriate language, but readers might find some comments offensive or inaccurate. If you believe a comment violates our rules, click the "Flag as offensive" link below the comment.
RaySouthwell
1054
Points
RaySouthwell 11/24/13 - 02:32 pm
0
0
Agreed

In economics it is called the "velocity of money." How fast money is used/circulated in a geographic area. More frequently it is circulated the better the local economy. Spend it elsewhere or hoard it and the economy stops.

I just wonder why Alaska takes our money out of Alaska and invests it everywhere else. Forty billion dollars in our Permanent Fund. Wall Street Banks gamble with our money by creating credit to develop derivatives.

If we took our money out from the money changers and placed it in a public Bank of Alaska think about the credit we could create and spend into the Alaskan economy.

Economics the linchpin of Freedom and Liberty.

Back to Top

Spotted

Please Note: You may have disabled JavaScript and/or CSS. Although this news content will be accessible, certain functionality is unavailable.

Skip to News

« back

next »

  • title http://spotted.peninsulaclarion.com/galleries/321268/ http://spotted.peninsulaclarion.com/galleries/321253/ http://spotted.peninsulaclarion.com/galleries/321248/
  • title http://spotted.peninsulaclarion.com/galleries/321243/ http://spotted.peninsulaclarion.com/galleries/321208/ http://spotted.peninsulaclarion.com/galleries/320593/
  • title http://spotted.peninsulaclarion.com/galleries/321173/ http://spotted.peninsulaclarion.com/galleries/321163/
My Gallery

CONTACT US

  • 150 Trading Bay Rd, Kenai, AK 99611
  • Switchboard: 907-283-7551
  • Circulation and Delivery: 907-283-3584
  • Newsroom Fax: 907-283-3299
  • Business Fax: 907-283-3299
  • Accounts Receivable: 907-335-1257
  • View the Staff Directory
  • or Send feedback

ADVERTISING

SUBSCRIBER SERVICES

SOCIAL NETWORKING

MORRIS ALASKA NEWS