important study on community impact of buying local vs buying from national chains
A study comparing independent businesses to chains and their impact on their communities found that local retail businesses returned an average of 52 percent of their revenue to the local economy. That compared to 14 percent for the chain retailers. It also found that local restaurants re-circulate an average of 79 percent of their revenue locally, compared to 30 percent for chains.
The difference is enormous. You can find a discussion of the study and also download it at https://www.ilsr.org/independent-bus...nomic-benefit/
Re: important study on community impact of buying local vs buying from national chains
Gus,
Would you send this information to our city council members & candidates, if you haven't already? It makes it harder to support CVS/Chase & be "pro-business."
Quote:
Posted in reply to the post by Gus diZerega:
A study comparing independent businesses to chains and their impact on their communities found that local retail businesses returned an average of 52 percent of their revenue to the local economy. That compared to 14 percent for the chain retailers. It also found that local restaurants re-circulate an average of 79 percent of their revenue locally, compared to 30 percent for chains.
The difference is enormous. You can find a discussion of the study and also download it at
https://www.ilsr.org/independent-bus...nomic-benefit/
