In a study comparing the economic impact of ten local businesses and their chain competitors, it was found that:
In a study comparing the economic impact of ten businesses and their chain competitors, it was found that:
Locally-owned businesses generate a 70% Local Premium in enhanced economic impact.
• For every $100 in consumer spending with a local firm, $73 remains in the local economy.
• For every $100 in consumer spending with a chain firm, $43 remains in the local economy.
• Consumers surveyed strongly prefer the neighborhood over agglomerations of common chain stores.
The study points to clear implications.
Local merchants generate substantially greater economic impact than chain firms.
• Replacement of local businesses with chains will reduce the overall vigor of the local economy.
• Changes in consumer spending habits can generate substantial local economic impact.
• Indeed, it may be in the best interests of communities to institute policies that directly protect local business.
We at Coupon Neighborhood believe that local businesses are owned by our neighbors and we believe in neighbors helping neighbors!
To learn more about the Andersonville and to obtain copies of study documents,
please visit www.AndersonvilleStudy.com.