Why should you Buy Local? Get the facts!

WHY SHOULD YOU BUY LOCAL? GET THE FACTS…

For every $100 spent at a locally-owned business, $68 stays in the local economy compared to only $43 if spent at a national chain.

  Source: Civic Economics study on Grand Rapids, Michigan – Sept. 2008

 


 

A 10% shift in market share from chains to locals could result in: Nearly $140 million in new economic activity, over 1600 new jobs, and providing over $50 million in new wages.

Source: Civic Economics study on Grand Rapids, Michigan – Sept. 2008
 



Local firms procure local goods and services at more than twice the rate of chains.

 

Source: Anderson Study of Retail Economics, Chicago, IL – Oct. 2004

 



Locally-owned firms contribute more to local charities and fundraisers than do their national counterparts.

 

Source: Anderson Study of Retail Economics, Chicago, IL – Oct. 2004

 



An additional downward pressure on residents' wages is associated with the majority of big box chains.

 

Source: Big Box Retail And Austin – Oct. 2004

 



It is well documented that local retailers offer much stronger support for local economies than do national chains.

 

Source: Big Box Retail And Austin – Oct. 2004

 



Local merchants spend a much larger portion of total revenue on local labor to run the enterprise and sell the merchandise.

 

Source: AIBA Economic Impact case study – Dec. 2002

 



Local merchants keep their modest profits in the local economy.

 

Source: AIBA Economic Impact case study – Dec. 2002

 



Local merchants provide strong support to local artists and authors, creating further local economic impact.

 

Source: AIBA Economic Impact case study – Dec. 2002

 


 

Development of urban sites with directly competitive chain merchants will reduce the overall vigor of the local economy.

Source: AIBA Economic Impact case study – Dec. 2002

 



Modest changes in consumer spending habits can generate substantial local economic impact.

 

Source: AIBA Economic Impact case study – Dec. 2002

 



If each household simply redirected just $100 of planned holiday spending from chain stores to locally owned merchants, the local economic impact would reach approximately $10 million.

 

Source: AIBA Economic Impact case study – Dec. 2002

  Other links:
http://onelocalfamily.com/facts-about-buying-local/
http://www.ibuymoco.com/12-reasons.php
http://www.buylocalbaltimore.com/pages/ind_why.html
http://www.2buylocal.com/supporting-your-local-economy/
http://bealocalist.org/sites/default/files/file/GR%20Local%20Works%20Complete.pdf

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