Stacy Mitchel, Institute for Local Self Reliance
First published February 2013
Thanks to Scott Hauge for passing along the work of Institute for Local Self Reliance (ILSR)
Survey finds Independent Businesses Benefit from “Buy Local First” Campaigns, but challenges loom. ILSR’s annual survey has found that independent businesses experienced solid revenue growth in 2012, buoyed in part by “buy local first” initiatives. But the survey also documented challenges facing independent businesses, most notably an increase in “showrooming” and competition from online retailers, tax and subsidy policies that favor their big competitors, difficulty obtaining loans, and a customer base still reeling from the recession.
Locally owned businesses can help communities thrive. Cities where small, locally owned businesses account for a relatively large share of the economy, have stronger social networks, more engaged citizens, and better success solving problems, according to several recently published studies.
Why We Can’t Shop Our Way to a Better Economy: Stacy Mitchell’s TEDx Talk.