Eric Champion, President
Cambridge Area Chamber of Commerce
Be aware of the impact of your dollars. Local businesses assist the community through a “multiplier effect:” $1 spent at a local business will return five times that amount within the community through city taxes, employees’ wages, and purchase of materials and supplies at other local businesses. In addition, these businesses will turn that $1 back into the community through school funding, social services, and contributions to local non-profit organizations.
We are fortunate to have so many options available to us right here in Cambridge. You can grab an espresso to go, pick up locally grown produce or freshly baked bread, shop for unique gifts or household items, or choose a good book to read. You can get your hair cut, have your taxes prepared, see the doctor, buy insurance from a local agent, or apply for a mortgage at your friendly community bank or credit union.
Local businesses add to the character that is Cambridge, contributing more than just goods and services. They offer personalized attention, add diversity to our shopping options, and bring life to historic buildings. And they pay their employees — and local taxes — with the income they receive. Each time you choose to spend your dollars at a local business, you are voting for the continued strength and vitality of our community. Local business owners invest in community. Local businesses are owned by people who live in this community, worship and send their children to schools here, are less likely to leave, and are more invested in the community’s future.
Support your local businesses and they in turn will support you. Let’s make a commitment to review purchases that are currently made out of the area, and see if considering a local business would be more appropriate. Let’s work together to make our community grow.
We are not asking local residents to spend all of their money in Cambridge or increase their spending overall. We’re just asking them to consider switching some of their spending to local businesses.
Our mission is to create awareness about the value and impact of local businesses and the depth of choices available in our community. The result: more dollars for local job growth, business needs, charitable causes and public services — without tax increases