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Support locally owned independent businesses:
it keeps money in the community. And in your pocket.
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Andersonville Study of Retail Economics, October 2004, by Civic Economics
Civic Economics, the Andersonville Development Corporation, and the Andersonville Chamber of Commerce collaborated on this study, designed to evaluate the economic role played by the independent businesses of this dynamic district on Chicago's North Side.
Key findings:
Every $100 spent with a local firm leaves $68 in the Chicago economy; $100 spent at a chain store leaves $43 in Chicago.
For every square foot occupied by a local firm, the local economic impact is $179, versus $105 for a chain store.
Click to see a large high resolution pie chart...
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THINK LOCAL FIRST CARD
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Holiday Sales Increase at Independent Businesses,
National Survey Finds
MINNEAPOLIS, MN (Jan. 14, 2010) - More holiday shoppers deliberately sought out locally owned businesses this year, according to a national survey of more than 1,800 independent businesses.
The survey found that holiday sales for independent retailers were up an average of 2.2%. That contrasts with the Commerce Department figures released today, which show that overall retail sales were down 0.3% in December and up 1.8% in November.
The survey also found that independent retailers in cities with active "Buy Local" or "Think Local First" campaigns reported stronger holiday sales than those in cities without such campaigns. These campaigns have been launched by local business alliances in more than 100 cities and towns. Independent retailers in these cities reported an average increase in holiday sales of 3.0%, compared to 1.0% for those in cities without an active Buy Local initiative.
Read entire article...
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