Buy Local….Local Businesses Support Local Economies
In a study* comparing the economic impact of ten busineeses in Andersonville, IL and their chain competitors, it was found that:
Locally-owned businesses generate a substantial Local Premium in enhanced economic impact.
· For every $100 in consumer spending with a local firm,
$68 remains in the local economy.
· For every $100 in consumer spending with a chain firm,
$43 remains in the local economy.
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*The Andersonville Study of Retail Economics, Oct. 2004.