Impact of Buying Locally
Understanding Your Company’s Purchasing Impact on Our Local Economy
It just makes sense, the more money we spend with locally-owned companies, the more benefit the local economy will derive, but most of us probably don’t really appreciate the substantial Economic Premium our community receives when we make a choice to find ways to spend our corporate dollars right here in our own back yard.
Did you know ????
- For every $100.00 we spend with a locally-owned business, 68% remains in our local economy vs. 43% if we purchase from a national chain store. That gives our local economy a 58% Economic Premium.
- For every square foot occupied by a locally-owned business, the economic impact is $179.00 vs. $105.00 for the chain stores. That generates a 70% Economic Premium for our local economy.
- For every dollar a locally-owned business is able to spend on wages and benefits vs. the chain stores, there is a 22% Economic Premium. Better wages, better benefits, better jobs.
- For every profit dollar a locally-owned business generates, virtually all (98%) remains in our local economy. While virtually all of the chain store profits are distributed nationally to their shareholders. This is an additional Economic Premium, over and above our business-to-business spend.
- For every dollar in sales revenue generated by a locally-owned business, 4% is returned to our local community in the form of charitable donations vs. less than 1% for the typical chain store.
- Together we can make a real positive difference in our economy, our schools and our community. We are ready to go to work to make this happen. Are you ready to work with us?
*Source: Andersonville Study of Retail Economics by the strategic research firm, Civic Economics, www.andersonvillestudy.org