The Sustainable Business Council Blog

Locals have 4x economic impact over nationals
March 3, 2010, 12:05 AM
Filed under: Uncategorized

Locals have 4x economic impact over nationals

How much of a greater impact do local retailers have on nationals? The Urban Conservancy recently completed a study with Civic Economics to answer just that, called Thinking Outside the Box: A Report on Independent Merchants and the New Orleans Economy. Keep in mind this is just economics, and not considering the cultural impact on the local neighborhood.

According to the study, when compared to leading chain competitors on a per square foot basis, local retailers:
– generate twice the annual sales;
recirculate revenue within the local economy at twice the rate;
– have four times the economic impact in terms of wages, profits, procurement of goods and services, and charitable giving.

(Click here to read more…)


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