When choosing where to go for a nice meal out, what do you consider? The type of food, the price, quality, what entertainment there is nearby or location.
Location then starts a whole new ball rolling. Think about what you are doing by eating in a local restaurant. You are effectively investing in that area of the town/city. Better still if that restaurant is buying local.
Investing in your locality could have a return for yourself, in the long run, it can help boost the value of your property, bring employment to your locality and even attract new business.
Let’s work our way back through the chain just after you have paid for your meal. The waiter that served you lived local – you have just helped to keep that person in a job. High employment figures boost a location when people are searching for new homes.
The food you have just eaten, the majority purchased locally. That will help support several local families as well as allowing the producer to either increase production or have a large range of products.
The owner of the business can use the money to reinvest. This could be to keep the décor UpToDate – nothing worse than eating in a restaurant and it’s the same décor it had when it opened 10 years ago. It might be they invest in the building giving it a clean on the outside, stopping it from rotting. Having a building that is maintained and improved, influences neighbors – they all try to “keep up with the Jones’s”. This competition improves the area, making it an attractive investment for outsiders. Thus, they bring new jobs to the area. New jobs mean people have more spending power – spending power that they can invest! If you’d like to find great restaurants in your hometown then head over to www.restaurantsopenearme.com.
People being in work means there are fewer benefits handed out by the local council, therefore they are collecting the full amount of Council Tax and having to hand out fewer clothing grants or subsidized meals. This money can then be used by the council to reinvest in the roads/pavements, schools or facilities in the area. Again, improving the local area helps attract investment and the circle continues.
As the area improves the desirability to own a home in that area increases, and with houses in short demand the value of your property increases. The improvement of the local schools leads to people wanting to be within that school catchment area so that their children can get the best start in life as their parents see.
All this could be triggered by you picking to eat that new restaurant that has just opened near you. It’s not just a meal you are getting but an investment in your local area that could have a very beneficial effect for you and for your family. Who would have thought it, so when you go out for a meal the next time think local and keep your money local – it will only benefit you!