While it seems like you can buy anything online these days, there are some things retailers like Amazon cannot deliver. Independent businesses beat Amazon in job creation, economic impact, and diversity. “Shop Local” is a common phrase, but few people truly grasp the massive economic impact small businesses have on our economy. Get the facts about the power of local, and learn why independent businesses are crucial to our community’s success.
Key takeaways for this session:
Locally owned businesses create more local jobs that employ members of our community.
Independent businesses keep your dollars local. Money circulates longer in your community and has up to three times the impact than money spent at national chains. On average, 48% of each purchase at an independent business is re-circulated locally, compared to less than 14% of purchases at chain stores.
You have the power to make a change! If New Orleanians shift just 10% of their shopping from a national chain store to a local business, there would be over $60 million annually injected into the local economy.