The local economy refers to the economic activities and interactions that occur within a specific geographic area, often focusing on the production and consumption of goods and services. It plays a crucial role in fostering community resilience, creating jobs, and supporting local businesses, which in turn enhances the overall quality of life for residents. Investing in the local economy can lead to sustainable growth by encouraging residents to shop locally and support small businesses. This not only helps to circulate money within the community but also strengthens social ties and promotes a sense of belonging among residents.