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Started By
Message
What happens when you shop local
Posted on 7/22/14 at 9:21 am
Posted on 7/22/14 at 9:21 am
quote:
For every $100 you spend at locally owned businesses, $68 will stay in the community. What happens when you spend that same $100 at a national chain? Only $43 stays in the community.*
So, using the EBRP population of 425k people, and deducting children under 18, it brings us to roughly 332k people.
332,000 x 25.00 (difference)
That's $8,300,000.00 more wealth for the parish if everyone in the parish spent just $100.00 more over the course of a given year with local business on the same product over a chain, pretty much one mid week shop at the grocery store a year.
I'd imagine the number could be significantly higher though when you factor in the money people spend outside the parish and there is no gain at all for the parish they live in.
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Posted on 7/22/14 at 9:23 am to Mike da Tigah
money board.
I try to do this as much as I can though...
I try to do this as much as I can though...
This post was edited on 7/22/14 at 9:24 am
Posted on 7/22/14 at 9:23 am to Mike da Tigah
So how do we take into account the money we won't be able to spend at local businesses because of their higher prices?
Posted on 7/22/14 at 9:24 am to Mike da Tigah
I always shop local, small business if possible. And cash.
Posted on 7/22/14 at 9:25 am to Mike da Tigah
I shop local as often as possible, but $100 will get you less at a local place than a big chain. As a resident, I sometimes gotta go with the cheapest option
Posted on 7/22/14 at 9:27 am to Mike da Tigah
I have been trying to justify shopping local vs. national chains.
Overall though, unless you are buying local products from local stores, the actual amount of money staying in the community is minimized, thus I would reevaluate your projections.
There has to be some major assumptions made.
For example, I was at Mathernes last weekend to pick up some pasta. A Baton Rouge product from a local store for one box of pasta was $5.99 vs. a national chain of $.99 for the same product.
There is a difference between idealistic consumerism and just plain bad money management.
Overall though, unless you are buying local products from local stores, the actual amount of money staying in the community is minimized, thus I would reevaluate your projections.
There has to be some major assumptions made.
For example, I was at Mathernes last weekend to pick up some pasta. A Baton Rouge product from a local store for one box of pasta was $5.99 vs. a national chain of $.99 for the same product.
There is a difference between idealistic consumerism and just plain bad money management.
Posted on 7/22/14 at 9:28 am to Cajun Revolution
I hear a lot of bitching by local business owners about how nobody wants to buy local. Then they drive off in their Mercedes to a house twice the size of mine. Still bitching
Posted on 7/22/14 at 9:28 am to Mike da Tigah
Hopefully St Georgians will shop local instead of throwing away their money in BR City.
Posted on 7/22/14 at 9:31 am to Mike da Tigah
Shop at walmart so all your money comes to northwest arkansas
Posted on 7/22/14 at 9:32 am to Mike da Tigah
quote:
So, using the EBRP population of 425k people, and deducting children under 18, it brings us to roughly 332k people.
332,000 x 25.00 (difference)
That's $8,300,000.00 more wealth for the parish if everyone in the parish spent just $100.00 more over the course of a given year with local business on the same product over a chain, pretty much one mid week shop at the grocery store a year.
84,091 of those 332,000 receive govt. assistance so subtract $2,102,275.00 from that
Posted on 7/22/14 at 9:32 am to Broke
That is true but I think his projections are way off base.
Buying national products at local markets is not the same. The amount of money invested in the community is minimized because Walmart is paying up to 70% less per unit vs. what the local store is paying because the overall quantity of the order.
At the same point, the amount going to the community is nill and amount spent out of the community is actually increased more than national chain.
Buying national products at local markets is not the same. The amount of money invested in the community is minimized because Walmart is paying up to 70% less per unit vs. what the local store is paying because the overall quantity of the order.
At the same point, the amount going to the community is nill and amount spent out of the community is actually increased more than national chain.
Posted on 7/22/14 at 9:36 am to Mike da Tigah
quote:
What happens when you shop local
You spend more money
Posted on 7/22/14 at 9:36 am to GEAUXT
I'd say this number would amp up quite significantly if said product purchased was local as well.
Posted on 7/22/14 at 9:37 am to SippyCup
quote:
What happens when you shop local You spend more money
That's not always the case. That is the perception, but not a rule.
Posted on 7/22/14 at 9:40 am to Mike da Tigah
BTW, I love down votes for supporting your local business and industry, as well as infrastructure and economy. Gives me so much hope for the future of my community when we have such a people. 
Who does that?
Who does that?
This post was edited on 7/22/14 at 9:43 am
Posted on 7/22/14 at 9:42 am to Mike da Tigah
Your logic is just wrong. That's why you get a down vote. Shopping local is now a luxury afforded to only the middle to upper middle class.
Posted on 7/22/14 at 9:43 am to Cajun Revolution
quote:
Your logic is just wrong. That's why you get a down vote. Shopping local is now a luxury afforded to only the middle to upper middle class.
You frick yourself every time you spend at chains. You just think you're winning. You voted to remain a serf, and your condition will never improve, because you no longer own the very city you live in. Out of state investors and corporations do, and they OWN you and your marketplace. Furthermore, you make it very difficult to get into the free market yourself.
This post was edited on 7/22/14 at 9:49 am
Posted on 7/22/14 at 9:44 am to Mike da Tigah
Good article 
Posted on 7/22/14 at 9:54 am to Broke
quote:
I hear a lot of bitching by local business owners about how nobody wants to buy local. Then they drive off in their Mercedes to a house twice the size of mine. Still bitching
Yeah, this is my local Ace owner.
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