November 27, 2015

Shop Local. Dine Local. Think Local.

I hope you had a good Thanksgiving, enjoying it with those who are special to you, and pausing to give thanks for all we are thankful for. Today, you may be hitting the malls, or at work or just relaxing again with family.

Tomorrow, I urge you to shop at your local merchants. It’s Small Business Saturday, and it is most meaningful for all of us to support our area’s local small businesses. For they are the backbone of our area economy. That’s right. Generally speaking, small businesses are the job creators and fuel the engine of economic growth.

Not only do small businesses employ local residents, but they give back to our community. That’s because for every $100 spent at a locally owned business, $45 goes back into the community and the local tax base.* That’s no small chunk of change. Plus, I’m sure you’ll be able to get some unique local gifts out of the transaction. It truly is an easy win-win.

As the largest community bank founded in the area, EagleBank is a big supporter of local businesses. Our focus is on Main Street, not Wall Street. We’re proud to bank many locally-owned businesses, and are proud to see when they succeed. For as they grow, we grow. It’s that symbiotic relationship between capital and community…and as a result our community is stronger. We bank local and hope you do too.

So spend tomorrow finding some great items for yourself, or for ones you love in anticipation of the holiday season. Have a meal out at one of our many individually owned restaurants.

Local businesses count on your support, and we’re all the better for it.


*Source: The Economic Impact of Locally Owned Businesses vs. Chains: A Case Study in MidCoast Maine, The Institute for Local Self-Reliance and Friends of MidCoast Maine, September 2003