Why it's important to build a local economy

Numbers compiled by Julie Glover of the Denton Texas Main Street program:

6 cents of every dollar spent with a Big Box retailer is retained/ recirculated in a community. Source: Rocky Mountain Institute


20 cents of every dollar spent with a chain store is retained/recirculated in a community. Source: Small Business Administration


60 cents of every dollar spent with a sole proprietorship is retained/ recirculated in a community. Source: Small Business Administration
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Some year I intend to write a journal article about how "Building a Local Economy" is an element that is missing in the creation of "Comprehensive Land Use and Resource Plans," and how it can be a fundamentally different approach from the traditional "Economic Development" Element that is included.

Index Keywords: retail