Archive for November, 2012

Holiday Card

Monday, November 12th, 2012

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BUY LOCAL!!!!!!!!!!

Tuesday, November 6th, 2012

New Study Finds Independent
Businesses Deliver Bigger
Economic Benefit

Choosing a locally owned store generates
almost four times as much economic benefit
for the surrounding region as shopping
at a chain, according to a new study from
the Civic Economics research organization.
Civic Economics researchers analyzed
data from fifteen independent retailers and
seven independent restaurants, all located
in Salt Lake City, and compared their impact
on the local economy with four chain
retail stores, including OfficeMax, and
three national restaurant chains.
The study found that the local retailers return
an average of 52% of their revenue to
the local economy, compared with just
14% for the chain retailers. Similarly, the
local restaurants re-circulate an average of
79% of their revenue locally, compared to
30% for the chain eateries.
Independent businesses spend much
more on local labor, the study finds. They
also procure more goods for resale locally
and rely much more heavily on local
providers for services like accounting and
printing.
This means that much of the money a customer
spends at a local store or restaurant
is re-spent within the local economy, supporting
other businesses and jobs.
This is in sharp contrast to chains, which
have little need for local goods and services
and keep local labor costs to a minimum.
Most of the revenue that these
stores and restaurants capture leaves the
community, the study finds.

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