Facts About Shopping Local
“Communities are increasingly finding that saving a few bucks often comes at a very high price.” – Stacy Mitchell
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.
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.
Local merchants spend a much larger portion of total revenue on local labor to run the enterprise and sell the merchandise.
Local merchants keep their modest profits in the local economy.
Local merchants provide strong support to local artists and authors, creating further local economic impact.
Development of urban sites with directly competitive chain merchants will reduce the overall vigor of the local economy.
Modest changes in consumer spending habits can generate substantial local economic impact.
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.
Raleigh is #22 on the list of "Top 100 fastest growing cities from 2000 to 2008.
Read more: http://www.city-data.com/city/Raleigh-North-Carolina.html#ixzz0xp4kxhZ
Raleigh is #37 on the list of Top 101 counties with the largest number of people moving in compared to moving out.
Read more: http://www.city-data.com/city/Raleigh-North-Carolina.html#ixzz0xp4kxhZ5
Local retailers and distributors also carry a higher percentage of locally-made goods than the chains, creating more jobs for local producers.
Read more:
The Benefits of Doing Business Locally By Jeff Milchen
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Small manufacturers and a wide variety of service industries have a clear stake in the nationwide health of local retailers.
Read more: The Benefits of Doing Business Locally By Jeff Milchen
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When asked to name our favorite restaurant, cafe, or shop, we almost always cite a unique local business (look at the results in any "Best of" polls as proof). We embrace the idea of distinctive businesses with local character, but often forget their survival depends on our patronage.
Read more:
The Benefits of Doing Business Locally By Jeff Milchen
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Community-based businesses are essential to charitable endeavors, frequently serving on local boards, and supporting a variety of causes.
Read more:
The Benefits of Doing Business Locally By Jeff Milchen
Every dollar you spend at an independent, local business, it creates 3.5 times more local economic benefit than dollars spent at a local chain. Go Local! -AMIBA