Challenge

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Local Businesses Can Create Stronger Economies

Local businesses that hire from within the community circulating money back into the community create stronger economies and greater wealth. For every $100 spent at a local business, approximately $67 stays in the community, compared to the $32 out of $100 spent at a big-box.
77M
People Impacted
$ 211B
Potential Funding
I have this challenge
the problem
Nature and Context

Support local businesses help revive the local economy by shopping at your friends’ and neighbors’ local stores. Buy their products. Eat their food. Use their services. In turn, these locally owned and operated businesses will continually pump your hard-earned dollars back into the local economy by way of taxes, payrolls and purchases.

the impact
Economic Impact
  • Small businesses employ 77 million Americans.

  • If just half the U.S. employed population spent $50 each month in locally owned independent businesses, it would generate more than $42.6 billion in revenue.

attributions
Data Sources
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Giving Tech Labs Team - Giving.Tech

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