Re: no personal checks, please

[Peggy Adams <adams@pcei.org>]

The income to the community from low wages paid to restaurant staff are
piddling compared to the multiplier effect of investing in local
businesses.  Investments made to mulitnational stocks perhaps would  be
better redirected toward investing in locally owned business, also.
Community, social, economic and environmental benefits would, perhaps,
benefit our local economy rather than distant corportate executives.  Do we
really want to support with our investments business we do not want to
patronize?

The new pita place is on Main Street near Wild Women Trading.

Peggy





>>From:           	Peggy Adams <adams@pcei.org>
>
>>Let''s spend our money there and at other locally owned
>>businesses. I was happy to see that Taco Bell has been replaced
>>by Moscow Burrito in the UI SUB.
>
>Is it locally owned or just another front for Marriot?
>
>> Applebees' has no investment in the community.  Any money you spend there
>> goes out of the area and out of the pockets of locally owned businesses.
>
>I am no fan of chain restaurants either and much prefer locally
>owned establishments for a variety of reasons.  But to state that
>"any money" spent there leaves the area overstates the case.
>Applebees has employees who spend their wages in the area, and
>I imagine the investment portfolios, pension plans, and IRAs of
>many local investors include Applebee's International stock.  This
>nonemployment income potentially is spent in the community.
>
>I do find the location of the new restaurant to be troublesome.
>Exactly which neighborhood is Applebee's "Neighborhood Grill and
>Bar" in? I suppose we have more such location decisions ahead of
>us now that the corridor is open for business.  Perhaps Applebee's
>with it's decor of local scenes and memorabilia will become a
>museum to remind us of what it was like.
>
>Philip Cook


Peggy Adams

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