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Showing posts from July, 2013

Hungry? Eat Local.

Aside from providing convenience, jobs, and (hopefully) great food, here are 3 reasons why you should feed that hungry tummy at a local restaurant.

Eat local. Support yourself. Money always flows to the headquarters. Depending on its financials, headquarters contribute a significant amount of revenue to its local tax base. If/when the headquarters is local (as is the case of a locally-owned restaurant), much of the money they earn is pumped back into the local economy via taxes. The taxes pay for better community services such as police, fire safety, schools, roads, etc. Eat local. Support other local businesses. Most locally-owned restaurants do not have national and international suppliers like national chains. Therefore, local restaurants buy many of their supplies from other local businesses. These business-to-business transactions support growth and revenue for other local businesses which ties back into reason number 1.Eat local. Support your community. Local restaurants give com…

Blight: Afflict Then Attract

The term "blight" is used to describe any structure(s) in a state of deteriorating, defection, uninhabitable, or in dire need of improvement. It's mostly heard in urban settings and old factory towns where many of the older building structures have endured decades of weathering, multiple uses, and damage (both natural and man-inflicted).

In recent years there has been a push among cities across the nation to either remove or renovate the blighted buildings. For a number of reasons, these programs make sense. Here are a few reasons why. The removal of blight:

Improves local imageMakes better use of existing buildingsPrevents vagrancy, vandalism, and abandonmentIncreases business and employment opportunitiesGenerates tax revenue From an aesthetic, economic, social, and historical perspective, blighted buildings carry tremendous growth potential. A blighted building could be restored to become a large employment center, a new pharmacy (as pictured below), or even recreation …

Hospitals ARE Economic Development

We know importance of hospitals for their healthcare benefits and services offered 365 days a year. However, we rarely emphasize their economic impact.

Hospitals, as institutions, invest heavily in research & development, machinery, utilities, bed linens and drugs, etc. Hospitals' high reliance on these goods and services makes them large consumers of other products. The demand for these goods sends a ripple effect through the economy causing another round of spending and hiring by suppliers and other firms. Hospitals also trigger tourism when the families of patients stay in nearby hotels and visit nearby stores and restaurants.

Hospitals, as employment centers, employ a large number of people: surgeons, nutritionists, accountants, custodians, technicians, etc. Those workers spend their money in the community which supports other businesses and generates tax revenue for government services (roads, fire, police, schools, etc.).

Hospitals are here to stay because there is alway…