Mark your calendar! Saturday November 26, 2022
1. Small businesses generate $68 of local economic return for every $100 spent with them.
Local business shopping generates $68 of economic contribution for every $100 spent. Meanwhile, spending the same amount at a non-local business like a national chain only generates $43. Wages, local taxes, and donations stay in the local economy with both types of businesses. Local economies do miss out on the purchasing of local services like accounting or marketing services and the purchasing of local supplies with non-local businesses.
Original source can be found here.
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