The Benefits of Buying Local

How does one quantify how to Best impact their local economy by way of their spending habits?  To know that, you would probably also have to know what qualifies as “local.”  Is a business still “local” if it is a franchise belonging to a nationwide chain?  Is it less local than an independent business?  Or one headquartered nearby?  What  about how many people they employ, or whether the owner lives nearby, or whether it is in a designated municipality.  These are things to ponder…along with this study.
Local-Economic-Return-Multiplier-Graphs-01

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