Friday 2 December 2016

Miriam Donohoe: What goes around comes around - why spending money locally helps everyone

Published 11/12/2013 | 23:33

In Cork city a social media campaign is in full swing to help support local business
In Cork city a social media campaign is in full swing to help support local business

KEEP it local. We hear this a lot. But as Ireland limps through the recession, "local", sadly, has been forgotten. Many small businesses in our towns and villages are hurting. And Santa won't be visiting this year.

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We were rejoicing last week after Ireland was named the best country in the world in which to do business by the influential financial magazine 'Forbes'. We were also celebrating saying "bye bye" to the troika. Back to monetary independence -- of sorts anyway.

But despite the economic upturn, with property prices rising and unemployment figures at their lowest level since 2009, many communities across the country are still suffering. A drive through some small towns in Ireland will show shops closed down, and once-thriving main streets dying on their feet. Yesterday came news that the Athlone Town Shopping Centre, a development that was to put new business blood into the midlands, has gone into receivership.

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