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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 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 9:36 am to Mike da Tigah
quote:
What happens when you shop local
You spend more money
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 9:44 am to Mike da Tigah
Good article 
Posted on 7/22/14 at 10:01 am to Mike da Tigah
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.*
How much does the 100 bucks take you when "shopping local" as opposed to purchasing from a national chain?
Posted on 7/22/14 at 10:32 am to Mike da Tigah
quote:
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.
are we also taking into account the lost employment and lost income spent due to higher prices (and less shopping)?
or are we assuming the same spending patterns and employment numbers?
Posted on 7/22/14 at 10:33 am to Mike da Tigah
By shopping locally, you're supposed to get better quality, a knowledgeable friendly staff, and better customer service. Sadly that is not the case, so I just buy stuff wherever I feel like it
Posted on 7/22/14 at 10:50 am to Mike da Tigah
quote:except you'll spend $140 for the same products. How does that factor in?
For every $100 you spend at locally owned businesses,
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