Introduction
In an age where small businesses battle against corporate giants, your choices wield immense power in shaping the economic landscape of your community. Join us in the Local Footprint Initiative, a movement dedicated to fortifying our local economy through mindful purchasing decisions. By choosing to expand your local footprint, you are taking heroic steps to strengthen your community.
What is the Local Footprint?
A “local footprint” measures the impact of your economic activities on the local economy—the larger your footprint, the more robust and vibrant your community becomes. Expanding this footprint means promoting local business, cultural vitality, and community bonds.
The Trickle-Up Effect
Often, when consumers choose multinational corporations or private equity-backed companies, they inadvertently contribute to a ‘trickle-up’ effect. This effect describes how vast sums of money AND POWER flow upward, concentrating wealth in the hands of a few mega investors and external shareholders, often at the expense of local economies.
Example 1: Home Depot and SRS Distribution
A prime example of this phenomenon is Home Depot’s acquisition of SRS Distribution, one of the largest roofing distributors in the United States. This acquisition funnels profits that could support local suppliers and distributors into the pockets of Home Depot’s shareholders, reducing the economic benefits for local communities. For more details, click here. Institutional investors make up 70% of Home Depot’s shares with THE VANGUARD GROUP & BLACKROCK being the largest shareholders!!! Does your roofer buy from SRS Distribution AKA BlackRock?
Example 2: Skywalker Roofing and Private Equity
Similarly, Skywalker Roofing’s acquisition by a private equity firm illustrates how local businesses, once community-focused, can shift to prioritizing returns for distant investors rather than reinvesting in their local area. This shift often leads to cost-cutting measures that can affect service quality and job security for local employees. For further information, click here.
MCSquared Roofing: Expanding Our Community’s Footprint
At MCSquared Roofing, we prioritize community over corporatism. We source our premium CertainTeed shingles from Builders Discount Center, a family-operated supplier in North Carolina, ensuring that each dollar spent helps to nourish local business and employment.
Join the Movement
Join us and other residents across our service areas in expanding your local footprint. Choose MCSquared Roofing and other local enterprises, and become a pillar of a thriving local economy.
How You Can Expand Your Local Footprint
- Choose Local: Always explore local options first for any service or purchase. Local businesses often provide unique products and more personalized services.
- Spread the Word: Advocate for local businesses by sharing your experiences. Word of mouth is a powerful tool in building community support.
- Engage with Local Causes: Support local charities and participate in community events. Every engagement helps strengthen our community bonds.
Conclusion
Growing your local footprint is an empowering statement in support of your community’s potential and prosperity. At MCSquared Roofing, we are committed to this cause, providing not only excellent roofing services but also investing in the community that supports us. Join us in this vital movement and become a true hometown hero.
