Small Business Saturday
Seventy cents of every dollar spent in a locally owned business stays local. Twenty cent of money spent with national chain stores stays local. Nonprofits receive 350% more support from local business owners than non-local business owners.
A study done in 2008 in Grand Rapids, MI, concluded that if everyone in a community made a 10% shift to purchasing from independent business rather than non-local chain stores, it would lead to 1,600 new jobs and $137 million economic impact to the area effectively pulling them out of their economic depression.
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