Local Economic Impact

LOCAL ECONOMIC IMPACT INDEPENDENT SHOPS VERSUS CHAINS The research firm Civic Economics has been studying the money trail and has visited several cities to quantify the impact of shopping locally. After averaging the results, the American Independent Business Alliance concluded that for purchases made at local independent merchants, revenue is recirculated locally at a rate more than three times greater than when shopping at a chain store. RETALEE Local recirculation of revenue is 48 percent Profit and labor, 25.2% Procurement for resale, 14.3% Procurement for internal use, 5.7% Charitable giving 3% Local recirculation of revenue is 13.5 percent Data Source: American Independent Business Alliance averaged results from ten studies by Civic Economics (2012) CHA NIVHJ VINDEFL IHOLS ENT