Going Local: Quantifying the Economic Impacts of Buying from Locally Owned Businesses in Portland, Maine
Type
Policy Brief or Report
Year
2011
Level
County
State(s)
Maine
Policy Areas
Community Development, Economic Justice, Finance & Procurement
This report compares the impact of locally owned businesses versus national chains on Greater Portland's local economy. They find that increased consumption from locally owned business stimulates greater economic activity. Every $100 spent at locally owned businesses generates an additional $58 in local impact. By comparison, $100 spent at a representative national chain store generates only $33 in local impact.