Frequently Asked Questions.
Consumers can pledge to “Buy Local, Stay Local, Be Local” and commit to patronizing businesses near where they live and work. Local stores employ our neighbors, pay taxes that support our schools and improve our roads, and contribute to local non-profit groups.
Together we can strengthen relationships that improve our quality of life. So next time before you make a purchase, remember: Buy Local, Stay Local, Be Local!
Q: Why does it matter where I make my purchases?
A: When you spend close to home, more of your money stays within the community. Studies have found that locally owned businesses contribute more than twice as much of their revenue to charitable causes as corporate chains do. These contributions continue to help our citizens and enhance our quality of life.
Q: What is the Chamber’s goal for the Buy Local, Stay Local, Be Local campaign?
A: As the business association of choice for successful businesses, we hope Chamber members will take part in the Buy, Stay, Be Local program and promote efforts to keep the local economy vibrant. We encourage non-member businesses to look into services we offer to members, such as support with campaigns like this one that can help drive traffic through their doors.
Q: How is shopping local businesses good for my community?
A: Local businesses employ local people and pay taxes that support the local community. Buying goods in your work and home neighborhoods helps keep stores open, retail corridors healthy, builds relationships -- and it is convenient. Shopping close to home can reduce pollution created by driving out of the area.
Q: What are the statistics that back that up?
A: Studies have found that for each $1 spent at a local business, 45 cents is reinvested locally. Spending at companies that have no stores or ties to our community results in little to no local revenue benefit.
Q: Can you put that into perspective?
A: Certainly. The Chamber commissioned Dave Swenson, an Iowa State University Economics Professor, to do a study on what the impact would be if North Scott businesses and residents shifted 5% of their spending back to the North Scott area. If $.05 of every dollar you spend is brought back to the North Scott area, the impact could be over 200 new jobs and could create over $6 million in new North Scott wages. How is it that shifting just 5% of our spending can have such a big impact? One reason is that locally owned businesses buy more goods and services, like printing and accounting, from other local businesses. More money circulating in the local economy means more jobs.
Links to Shop Local Studies
North Scott Study
Visit www.civiceconomics.com to download copies of the following reports:
The American Express OPEN Independent Retail Index
Local Works: Executive Summary
Procurement Matters: The Economic Impact of Local Suppliers
Procurement Matters 2012
The Andersonville Study of Retail Economics
Economic Impact Case Study: Local Merchants and Chain Retail