Local Business
Choosing local businesses isn't just buying products; it's investing in the heart of our community. When we support local companies, we drive economic growth, create jobs, and keep our neighbourhoods' unique charm alive. By shopping locally, we're helping to build a thriving community, fostering resilience, and ensuring a vibrant future for the businesses that make our area special.
Local businesses supporting local communities
By supporting local businesses, communities strengthen their local economies, encourage entrepreneurship, and build resilience against broader economic shifts. These businesses often give back to their communities, supporting local events and causes, which further enhances the social fabric and cohesion of the area.
Local Business Concepts
Loyalty Syndicate Program
Local businesses individually or collectively create a loyalty program which presently is only feasible for large chains and conglomerates.
The businesses would periodically allocate the funds to a local charity or community scheme. Customers of the businesses would receive a notification on how their local shopping has supported that community.
AI Integration
With AI being built into Loci from day one, we have the unique opportunity to continue this integration with local businesses.
As businesses post and update their profiles, Loci chat can use this information to help answer questions based on the community and business inputs.
“Where is there a local pub quiz?”
“Where is the best children's hairdresser?”
Follow Local Business
Users can follow an local business to see updates and new feeds from that business.
The likes and follows of that business would help determine the popularity of that business in any algorithms.
Community Led
Search for local businesses should depend on follows and likes from patrons. We would look to refrain from "sponsored" advertising for businesses, meaning unlike Google and other search engines businesses cannot use commercial clout to bring their business to the top, and communities would help promote and determine their preferences and recommendations.
Receive Updates
Businesses post updates, news and a promotions. A user that has followed or liked their favourite local business will receive these updates and notifications.
Users will also have the ability to set reminders for events and choose what notifications they receive.
Community Business Group
Community groups, whether a school, cafe, shop or social centre, any local business could set up a community group for their organisation.
These groups would be managed by the organisations and allow for group chat, event organising and announcements.
Why supporting local businesses is important for communities
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A strong business network can better withstand economic fluctuations and unexpected challenges, promoting long-term stability and success.
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When businesses work together, they can drive economic growth by creating jobs, attracting investment, and contributing to a thriving local economy.
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Collaboration among local businesses creates a stronger sense of community. Empowered by Loci, we help encourage residents to shop locally and support their local businesses and community.
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Local businesses gain greater exposure through community initiatives, fostering local consumer loyalty and support.
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Collaborative marketing campaigns and community events attract more customers and can raise the visibility of all participating businesses.
