Jerry Bilek, owner of Monkey See, Monkey Read, sent me a link to a story of interest. A recent study of business impacts on the economy in San Francisco found that local businesses contributed over four times as much as chain and the internet businesses.
The study also found that if consumers shifted just 10% of their purchases to local businesses, the economic gains in taxes and jobs would be dramatic. Although the story focused on independent book retailers, the study found similar projected impacts in the toy, sporting goods and dining areas.
My favorite quote was from Pete Mulvihill, one of the owners of Green Apple Books. “Where you spend your money really determines what your neighborhood is going to look like in 10 years.”