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From the Mayor: Shopping Local Brings Multitude of Benefits to Bronxville Community PDF Print Email

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By Mary C. Marvin, Mayor, Village of Bronxville


May 17, 2017:  The village's campaign to shop close to home is so much more than a feel-good, its-worth-paying-more-for-local matter. Researchers who study how money flows are demonstrating a profound economic impact of keeping money local. One researcher analogizes money to blood--"it needs to keep moving to keep the economy healthy." When money is spent out of the local sphere at big-box stores and online retailers, "it flows out like a wound."

Local shopping also produces a multiplier effect as revenue earned by a small store recirculates to its employees, often local residents, area advertisers, attorneys, graphic designers, local printers, payroll services, local charities, accountants, restaurants, and fellow local suppliers.

A study done for the city of Austin, Texas, demonstrated that an independent bookseller (Book People) and music store (Water 100 Records) returned more than three times as much money to the local economy as the proposed Borders Books Music Outlet World. On average nationally, 47% of each sale at a locally owned independent business was recirculated locally compared to less than 14% of a purchase at a chain store.

By shopping at the neighborhood store, we can ensure that our village doesn't become a "ghost town" or almost equally bad, a "clone town" where "Main Street" looks like every other Main Street with the same fast food and chain stores. Some people are dubbing communities like these throughout the county part of the "United States of Generica."

Local and small businesses also account for more than 70% of the jobs in the United States.

Continuing on the economic front, the sales tax revenue generated by local businesses is key to the success/stabilization of every municipal budget nationwide. Fully one-third of all state revenues, totaling over $150 billion annually, comes from the collection of a sales tax.

Because of the increase in non-taxed Internet purchasing, the State of Massachusetts estimates it "loses" $335 million yearly in sales tax revenue, and California pegs its "losses" at over $1 billion annually.

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.

In addition, it has been conclusively proven that home values are directly affected by the condition and vitality of one's local business district. The nexus between the value of often our greatest personal asset and local commerce is indisputable.

In addition to direct financial benefits, studies have also proven:

  • Independent stores consistently beat their large competitors in overall customer satisfaction

  • They foster a human connection, even friendships, between merchant and customers, which fulfill a basic human need.

  • The environment is positively affected--people walk more, less gas is consumed, and the air quality is bettered.

  • Even our personal health is enhanced--those who can buy goods on foot near their homes have fewer incidences of obesity and diabetes.

  • Small businesses donate more than twice as much per sales dollar to local nonprofits, events, and teams, compared to big companies.

  • Local small-size businesses are also regulated--i.e., signage, awnings, and sidewalk conditions--by local residents who then have a say as to their surrounding environment and aesthetics.

  • Research proves that citizens are attracted--often the more skilled workers and entrepreneurs--and more likely to settle in communities that preserve their unique and varied character.

  • Children are offered an appropriate degree of independence when allowed to walk for school supplies or an after-school treat.

As champions of "buy local," we realize it is not possible to purchase everything you need locally; we just ask you to think locally first. Investing in Bronxville is so much more important than driving out of town to "save" a few dollars.

Net-Net--Research has conclusively affirmed what we already know--small-scale locally owned businesses create communities that are more prosperous, entrepreneurial, connected, and generally better off in a wide range of metrics.

 

From the Mayor: Recent Issues--Advance Payment of Taxes, Food Composting, and the Scaffold Law

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By Mary C. Marvin, Mayor, Village of Bronxville Dec. 13, 2017: The following is a compilation of issues that have crossed my desk in the past few weeks. Though no unifying...

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Financial & Legal Services Directory

Accountants

D'Arcangelo & Co., LLP
Certified Public Accountants & Consultants

Partner
Barbara Greene, CPA,CFP

3000 Westchester Ave.
Purchase, NY 10577-2538

914-694-4600
bgreene@darcangelo.com
www.darcangelo.com


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

info@hymescpa.com

Attorneys

Bertine, Hufnagel, Headley, Zeltner, Drummond & Dohn LLP

Established in 1929, Bertine, Hufnagel is "a general practice law firm, offering clients expertise in both individual and commercial matters." Their broad range of services include the following: Wills, EstatePlanning and Taxation, Probate and Estate Administration, Elder Law, Real Estate (commercial, residential, condominiums and cooperatives), Commercial Law and Transactions, Litigation and Banking Law.

700 White Plains Road
Suite 237
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(914) 472 7700
(914) 472 1946 (fax)
www.bertinehufnagel.com


Bosworth, Gray & Fuller
Wills and Probate, Real Estate, Media Law, General Litigation in all courts

J. Rockhill Gray (1920 - 2009)
David Otis Fuller, Jr.
Paul A. Clewell
116 Kraft Avenue
Bronxville, New York 10708
(Tel) 914-337-3626
(Fax) 914-337-3630
dofjr@aol.com
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Griffin, Coogan, Sulzer & Horgan, P.C.

Attorneys and Counselors at Law

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
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(914) 961-1300
info@gcshlaw.com

www.gcshlaw.com


Suzanne M. Bloomer
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85 Pondfield Road
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914-337-0142
smbloomerattorney@msn.com


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 lawOur 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

http://www.nmdlaw.com/


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

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914-779-1100

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Peter W. Williamson
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141 Parkway Road
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914-337-3434 (tel)
914-337-3392 (fax)
Pwwilliamson@verizon.net

Financial Services

Aegis Capital
Full Service brokerage firm.  Stocks, bonds and mutual funds.  Specializing in tax free bonds and other income
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Steven Ircha
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Bronxville, NY 10708
914-361-1099
janeircha@yahoo.com
www.aegiscap.com


Ameriprise Financial Services, Inc.

You have dreams and goals, and we'll work together to help put them more within reach. As an advisor living and working in your community, I'm available to work with you in a way that meets your needs.

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Private Wealth Advisor

111 Brook Street, 3rd Floor

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Capital Preservation Partners, Inc.

Your Wealth Made Easier

Local Registered Investment Advisors Who Have Fiduciary Obligations To You, The Client

When you partner with CPP you join your neighbors. We are located in Westchester County, yet are ready to respond to your needs with our 70 years of combined experience. We are always available to answer your questions and concerns. Unlike giant banks and brokerage firms, you will speak to the same advisor who is thoroughly familiar with your portfolio and life circumstances.

SEC registered – Fee only planners – no commissions or hidden fees

Expert Professional Advice from our staff of qualified CFP's, CPA's & Attorney's

Offering Comprehensive Wealth Management, Estate & Financial planning

Capital Preservation Partners, Inc.

55 Pondfield Road

Bronxville, NY 10708

914-337-2272

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Website: www.cpp.bz

info@cpp.bz


James Van Metter & Associates

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81 Pondfield Road, Suite 4
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Call 914-793-1213 or JVM@JimVanMetter.com
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MDIC Investment Company
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Daniel S. Macdonald, Jr.
116 Kraft Avenue, Ste. 8
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Insurance

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Exclusive Agents:
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914-961-7200
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212-294-4900 x 112
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MDIC Investment Company
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Daniel S. Macdonald, Jr.
116 Kraft Avenue, Ste. 8
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macdonald@mdicinc.com
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Palmer-Tanno Agency, Inc.
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Greg Tanno
141 Parkway Road, Suite #11
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914-793-6603
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Personal Risk Management Solutions
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Linda Graef Jones, Private Client Sales Executive
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Ranieri Insurance Agency
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dcranieri@aol.com


The Rollins Agency, Inc.
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800 Westchester Ave. Suite N-311
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914-337-1833
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