UN SDG #11 Sustainable Cities and Communities UN SDG #11
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.
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.
the problem
Nature and Context help
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.
Symptoms and Causes help
the impact
Negative Effects help
Economic Impact help
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.
Success Metrics help
who benefits from solving this problem
Organization Types help
Stakeholders help
financial insights
Current Funding help
Potential Solution Funding help
ideas
Ideas Description help
Ideas Value Proposition help
Ideas Sustainability help
attributions
Data Sources help
Independent We Stand - https://www.independentwestand.org/learn-more/about/
Contributors to this Page help
Giving Tech Labs Team - Giving.Tech