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.
77M
people impacted
$342.7B
potential funding
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.

Symptoms and Causes
the impact
Negative Effects
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.

Success Metrics
who benefits from solving this problem
Organization Types
Stakeholders
financial insights
Current Funding
Potential Solution Funding
ideas
Ideas Description
Ideas Value Proposition
Ideas Sustainability
attributions
Data Sources
Contributors to this Page

Giving Tech Labs Team - Giving.Tech