BUY LOCAL This Holiday Shopping Season

The "Loyal to Lakeway" Buy Local Campaign is an initiative designed to promote local businesses, foster community engagement, and stimulate economic growth within Lakeway. This campaign aims to educate residents about the benefits of shopping locally and to create a supportive environment for small businesses to thrive. By encouraging residents to spend their dollars within the community, the campaign seeks to strengthen the local economy and enhance the quality of life for all Lakeway citizens.

WHY BUY LOCAL?

• Economic Growth: Increased revenue for local businesses, leading to job creation and higher local sales tax revenues, potentially helping offset increases in property taxes.
• Stronger Community Bonds: Enhanced sense of community as residents and business owners interact more frequently and build stronger relationships.
• Business Development: Growth and diversification of local businesses, offering residents a wider range of products and services, contributing to the overall attractiveness of Lakeway as a place to live and visit.

TOP 10 REASONS TO BUY LOCAL

1. Shopping locally keeps dollars in the community funding infrastructure projects and operations you use daily.
2. Shopping locally generates sales tax revenue that keeps pressure off property tax increases.
3. Local businesses give better support to community non-profit/charity groups.
4. Local businesses provide jobs for your family and neighbors.
5. Getting to know your local merchants generates better customer service and loyalty.
6. Buying locally generates greater economic ripple effect for the community compared with buying from national chains.
7. Shopping locally saves you gas and time.
8. Supporting local merchants helps you stay abreast of community events.
9. Local businesses are more likely to utilize other local businesses like advertising, banks, insurance, and office supplies.
10. A vibrant business community supports an enhanced community quality of life and better residential property values.

DID YOU KNOW THAT…

• …of the 8.25% you pay in sales tax on local purchases, 6.25% goes to the State, .25% goes to the library district, and 1.75% goes to the City of Lakeway.
• …65% of all retail dollars spent by Lakeway residents are spent outside of the City of Lakeway.
• …those dollars spent outside Lakeway equate to $14.9M in lost sales tax revenue to the City.
• …online purchases made from inside the City of Lakeway generates sales tax revenue for the City.
• …roughly 30% of the City of Lakeway budget comes from sales tax revenue.
• …buying from local merchants will increase sales tax revenue for the City taking pressure off property taxes.

QUESTIONS?

Please email us at [email protected].