In turn, these local businesses invest their dollars back into the local economy. They purchase inventory and services from throughout the region and employ local residents. Although there are many studies that clearly substantiate the importance of these businesses, two statements demonstrate profoundly the "buy local" concept.
- For every $100 spent at a chain, there is a $14 return to the community. For every $100 spent at a local business, there is a return of $45 to the community.
- Average U.S. town revenues without a buy local initiative grow at 2.3% per year while average U.S. town revenues with a buy local initiative, grow at 7% per year.
Besides the economic development impact, local stores promote environmental sustainability. These businesses help to sustain vibrant, compact, walkable town centers-which in turn are essential to reducing sprawl, automobile use, habitat loss, and air and water pollution.
A buy local campaign that engages local businesses and citizens can be a powerful tool to help sustain independent businesses and neighborhood-serving business districts. For more information on buy local campaigns here in Mercer, please click here.