According to a study by Civic Economics, for each dollar spent at a national chain in Utah, only 13.6 percent goes back into local circulation. For each dollar spent at a local independent business, 55.3 percent circulates back into the community. Spending just 10% more to local businesses would keep approximately $1.3 billion in the Utah economy each year. A dollar spent in a locally owned, self-supporting businesses gives back 4x more to Utah’s local economy than a dollar spent on national chain retailer.
“The money that local businesses return at four times the rate of chains is just one of many reasons to truly celebrate our independent business owners and operators – we also celebrate their courage and authenticity, and the way in which they help keep Utah unique,” said Nan Seymour, Executive Director of Local First Utah. “We can all do more to support our neighbors in their brave business endeavors, remembering that dollars spent here locally are reinvested in our own communities.”
By using local businesses, you help support your community and you help small businesses stay open. In 2009 we were Utah’s Small Business of the Year, and we do our best to continue to be a small business that you want to work with. We go the extra mile and have great customer support, which you won’t find with a national chain.
Help support local businesses here in Utah, as well as in other communities!