Written by Mary C. Marvin
Sep. 17, 2014: August was a quiet and relaxing month ~ good for our government and residents, but not our merchants.
They are hoping for a needed robust fall as we all make school and holiday purchases.
Bronxville is not an easy place to open a business and many of our merchants committed to us with their life savings--we have less than optimal parking, we don't have a reputation of supporting local businesses, many landlords are absentee conglomerates, and we are near the top in commercial real estate taxes per square foot in Westchester County.
But, in the long run, shopping in the village is a major bargain far outpacing the short-term "big box" bargains.
For every $100 spent in a locally owned independent store, $68 returns to the home community. The same amount spent at a mall or chain store returns $48 "home" and if spent on the Internet, nothing comes back to the town and villages.
To put this in a local context, in fiscal year 2007-2008, the village government received $911,718 as our share of the Westchester County sales tax proceeds. Without these funds, village property taxes would have risen 12% on this one line item alone just to maintain the current level of services and staffing.
In 2010-2011, the sales tax revenue dipped to $838,143 as Internet sales reached a zenith, necessitating the village to trim staff hours and municipal services. Our dip in sales tax revenue mirrors what is happening throughout the nation.
Bottom line, if you shop online versus on Pondfield Road or Palmer Avenue, the sales tax savings you reap will eventually come home to roost in the form of higher local property taxes and/or a decrease in municipal services. In contrast, a purchase made in the village sends money directly back to our school and village government and sends a message that you are investing in the future of our small village and all that it adds to your quality of life.
Keeping local merchants viable has a multiplier effect as they tend to bank at local banks, use local accountants and architects, computer consultants, and insurance agents, and advertise in local papers and print with local firms, as well as hire our local residents and students.
Nationally, small businesses donate 250% more to local charities than national chains do, and in Bronxville, the percentage is even higher. Can you imagine our church fundraisers, Memorial Day activities, and local raffles being funded by Costco, Amazon, and Home Depot?
Many storied New England communities have recognized the long-term value of a distinctive downtown and begun "10% back home" programs. The idea is to have 10% of your normal spending to non-local businesses come back to your hometown. For example, if you purchased twenty books on Amazon last year, this year at least two should be purchased in your local bookstore.
In tandem, these communities have asked residents to think local. Can I buy it in the village before getting in the car, adding to pollution, congestion, and the carbon footprint?
Shopping locally is a chance to take back control, a chance to deal with real people who understand what they are selling because they probably purchased the item. A warm smile and friendly chat are worth something as well. Local shopping also eliminates the ad for the shoes I checked out online yesterday from traveling with me for weeks on the Internet!
If efficiency and cost are all that matter, then the online giants and big box stores should rule the world. But is this the world we want? Are we more than pure consumers?
The disappearance of local businesses leaves a social and economic void that is palpable and real ~ just look at parts of Pondfield Road ~ even if unmeasured. The quality of life in a community can change in ways that macroeconomics ignores.
By buying locally, residents have a major role in shaping our own community. There is a direct nexus between the vibrancy of our business district and the value of our real estate.
Our downtown is the glue that holds our community together. On Sunday mornings near Lange's and Park Place Bagels, seniors and strollers connect, new residents meet village veterans, playdates are made, and rides to sports are organized. ~ Pondfield Road is the ultimate networking site.
Part of the reason that many people are attracted to moving to Bronxville is our distinctive business district.
So vote with your wallet. Keep our home prices high and our village sustainable and desirable and shop our very attractive stores.
Net-net, it is the best long-term bargain around.
Hymes & Associates, CPA, P.C.
Our firm provides outstanding service to our clients because of our dedication to the three underlying principles of professionalism, responsiveness, and quality.
Listed as one of the 10 largest firms by The Westchester Business Journal, we serve clients throughout the tri-state area. By combining our expertise, experience, and
the energy of our staff, each client receives close, personal and professional attention.
Our high standards, service, and specialized staff spell the difference between our outstanding performance and other firms. We make sure that every client
is served by the expertise of our whole firm.
Hymes & Associates, CPA, P.C.
55 Pondfield Road
Bronxville, NY 10708
914-961-1200
914-961-1715 (Fax)
Website: www.hymescpa.com
Baillie & Hershman
44 Pondfield Road, Suite - 12
Bronxville, N.Y. 10708
Office: 914-337-6300
Matthew W. Kerner, ESQ.
Direct Dial: 914-337-6569
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Fax: 914-337-6913
Suzanne M. Bloomer, Esq.
Direct Dial: 914-337-0142
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Baillie & Hershman provides comprehensive Real Estate legal services for buyers, sellers, current owners, real estate agents and lenders. We also handle estate planning, including the drafting of wills.
Griffin, Coogan, Sulzer & Horgan, P.C.
Attorneys and Counselors at Law
Griffin, Googan, Sulzer & Horgan, R.C.
Located in Bronxville, New York, Griffin, Coogan, Sulzer & Horgan, P.C. takes great pride in providing our clients with comprehensive, high quality legal services in a responsive manner. The firm concentrates its practice in real estate law with a primary focus on issues relating to real estate tax litigation (also known as tax certiorari), real estate transactions, valuation law, real property taxation and tax planning and real property tax exemption matters throughout New York State.
The firm serves as general counsel for several local cooperatives and represents clients in various issues relating to wills, trusts and estate planning.
51 Pondfield Road
Bronxville, NY 10708
(914) 961-1300
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Nobile, Magarian & DiSalvo LLP
We are hardworking and dedicated attorneys who, combined, have more than 150 years of experience delivering quality legal advice. Our cutting edge is our ability to enter both the conference room and the courtroom with strength. Our law firm provides legal representation and counsel for both individual and business clients on issues related to estate planning and administration, real estate law, litigation, and business law. Our practice areas include: Commercial Litigation, Business Law, Real Estate, Wills, Estate Planning, Trusts, Estate Administration, Living Wills, Health Care Proxies, Powers of Attorney, Not For Profits, and Employment Law.
111 Kraft Avenue
Bronxville, NY 10708
914-337-6300
Veneruso, Curto, Schwartz & Curto, LLP
Veneruso, Curto, Schwartz & Curto is dedicated to providing businesses and individuals with exceptional legal services customized to each client's needs and objectives. Practice areas include litigation, real estate, not for profit, wills and estate planning, land use and zoning, business and corporate, cooperative and condominium and real estate tax assessment litigation.
The Hudson Valley Bank Building
35 East Grassy Sprain Road, Suite 400
Yonkers, New York 10710
914-779-1100
Aegis Capital
Steve brings 40 years of investing experience to his role as Senior Managing Director at Aegis Capital Corp., a prominent national securities firm.
Allstate
Auto, Home, Business and Life Insurance
Exclusive Agents:
Debbie M. Stockton
George L. Petronella Jr.
108 Kraft Avenue
Bronxville, New York 10708
914-961-7200
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http://agent.allstate.com/DSTOCKTON2/Welcome/
John L. Vorbach Company, Inc. Insurance Brokers
Manhattan Media & Technology Center
65 Broadway, 9th Floor
New York, New York 10006
212-294-4900 x 112
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www.vorbach.com
MDIC Investment Company
Mutual Funds, Stocks & Bonds, Financial & Estate Planning, Investment & Advisory Services, Life & Health Insurance
Daniel S. Macdonald, Jr.
116 Kraft Avenue, Ste. 8
Bronxville, New York 10708
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www.mdicinc.com
Palmer-Tanno Agency, Inc.
Independent Insurance Agents since 1948
Greg Tanno
141 Parkway Road, Suite #11
Bronxville, New York 10708
914-793-6603
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Personal Risk Management Solutions
Focuses solely on personal insurance and
provides unique, customized solutions that save
money and time and create peace of mind.
Linda Graef Jones, Private Client Sales Executive
6 East 43rd Street
New York, New York 10017
914-645-3951
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Ranieri Insurance Agency
Auto, Home, Business & Life
Over 50 Years' Experience
Paul D. Ranieri, CPCU
457 Palmer Road
Yonkers, NY
914-376-2560
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The Rollins Agency, Inc.
Insurance and Risk Management Solutions
Since 1910
800 Westchester Ave. Suite N-311
Rye Brook, NY 10573
914-337-1833
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