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Terri Gruca attributes her interest in consumer reporting to her upbringing. Terri is one of five children, and claims her parents were the "Masters" of making money stretch. She's turned her interest into a career and will now share her tips with you.
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Nov 16, 2008 7:28 PM

Should you buy local?

 

About three years ago I did a story about patriotic clothing and where it was made. We weren’t too surprised to find most of the stuff came from Vietnam, China even Jordan not the USA. But with the lead in toy scare of season’s past and the economic downturn, more people than ever are wondering if buying American-made products are the answer.

 

What do you think? I know a lot of shoppers would like to buy local, but when times get tough, we look to save money. And unfortunately more times than not, the products not made here are cheaper.

 

However, tonight a public policy think tank released a study it says shows how important it is to buy local. Matt Entenza, the chair of Minnesota 2020 said, “If just 25% of gifts purchased this season were purchased from local stores with local goods we would infuse hundreds of millions of dollars back into our local economy.”

 

“If you buy a product that is made in Minnesota, 68 cents of every dollar remains here in the local economy,” said researcher Lee Egerstrom. “If you buy something from one of the big box stores, not based here in Minnesota, it drops to 43 cents.”

 

It is certainly a different way of looking at how we all play a role in what happens here economically.

 

“If you want to look at how you can help stimulate the economy this season you can think about how much of it do you want to stay at home, how much of it do you want to be unintended foreign aid to China and other countries that  are exporting to our stores,” Egerstrom said.

 

Minnesota 2020 has put together a gift guide of more than 300 products made in Minnesota.

 

Here are a few sites that list companies with products that are “Made in the USA”. No one site is all inclusive, but they can at least direct you to some places you may not have considered:

Made in USA.org

Buy American Mart.com.

 

Comments (2)

  • 11/26/08 - Melissa I completely agree with Samantha, I think it is so important to buy local, but so many things now days are made out of the US.  Thank you for posting the links to American Made items, I know my fam...  Show Full Comment
  • 11/19/08 - Samantha Thank you so much for posting these links!
    Being only 20 years old, I laugh when my grandma tells me stories about days gone by when buying an imported car was considered unpatriotic. To me bu...  Show Full Comment
About The Author
Terri Gruca attributes her interest in consumer reporting to her upbringing. Terri is one of five children, and claims her parents were the "Masters" of making money stretch. She's turned her interest into a career and will now share her tips with you.
Bio | E-Mail

Want to be the first to know when Terri's posted a new deal?  Sign up to get text alerts on your cell phone so you don't miss out on a deal.  Text "deals" to 66247 to sign up.
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