A Not So Radical Idea: Spend Your Tax Rebate Locally
Instead of raining men (amen), it's about to start raining tax rebate
checks all over America. More than 130 million household will
receive between $300 and $1200 in order to help jumpstart the health of
our economy. However, where and what you spend your tax rebate
check on (assuming you, like a majority of Americans will not take that
check straight to the bank) can drastically impact where the economy is boosted. Sure, those tax refund specials from large multinational retailers are awfully tempting, but the economic health of your neighborhood, city and country are at stake.
In order to get the most economic punch out of your rebate, you should ideally put your money towards products that are produced or sold locally. As we like to remind everyone we meet, locally-owned shops and locally-produced products are consistently proven to pump more money into the local economy than their big-box counterparts (up to 3x as much in some cases). This is because every dollar you spend locally gets recirculated in the economy as business owners pay employees, buy supplies and invest in more local ventures.
That mound of insanely cheap clothes at your typical big box? Odd are, they are not produced in Cincinnati, not produced in Ohio, and not even produced in the U.S.
So, here's what we urge you to do. Go to one of the area's great local shops, local restaurants or local arts institutions, buy a piece of local art or heck, go get a massage. All of this will help keep the local and national economy healthy and the American entrepreneurial spirit alive.
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Now your using your noodle! This is a fantastic idea, what better way to fuel the economy and fuel our local businesses, besides buying nice things for yourself!!!