Local Economy Supported When You Shop Small Business Saturday

There are a lot of benefits to shopping local, but the biggest benefit is that for every $100 you spend at a local business, roughly $68 stays in your local economy. (Source: Civic Economics Study in Grand Rapids, Michigan) State Representative Avery Bourne (R-Raymond) would like to remind shoppers that they are supporting our community in a dramatic way by shopping locally. So this Small Business Saturday, November 25th, visit a small business in this area. You’ll find something original, unique, or handmade and you’ll be making a big impact.

“Our small towns have a lot to offer in the way of small businesses,” said Representative Bourne. “Whether shopping at a town square, antique mall, or another exceptional small business in our area, you are doing a lot more than finding that special gift.”


According to the U.S. Small business Administration:


   Small businesses account for 99.6% of Illinois businesses

  There are 2.4 million small business employees in Illinois

  Small businesses account for 46% of all Illinois employees
 
 
 
 
Dollars spent at community-based merchants create a multiplier in the local economy, called the “local multiplier effect.” This means that from each dollar spent at a local independent merchant, 2 to 3.5 recirculates in the local economy. That’s a big impact for our local businesses and community.


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