"It's also important to plug the leaks in our local economy when residents spend at regional shopping centres, invest in out-of-town businesses, holiday away from home or pay for services outside the district.
Suresh Patel, chairman of the Dannevirke Chamber of Commerce, said: "It is important to retain as much local income as possible. The chamber is developing a survey to assess the extent of the 'leaks' in our local economy."
One suggested way to encourage buying local is to create a flourishing farmers market, something which is supported by Tararua District mayor Roly Ellis, who has suggested using the new hall at the A&P Showgrounds as a market site.
"I think this is an ideal spot for a farmers market," he said.
"We need something like that in town."
And while there has been a downward trend in the district's population, migration trends have improved over the past six months.
The number of residents leaving the district for Australia is rapidly falling and a steady stream of people are arriving from all over the world.
To view the Tararua District Council Economic Development Plan, visit website : www.tararuadc.govt.nz/Busi ness/Economic - Development or email info@tararuadc.govt.nz for a copy.