New Study: Buying Locally Pays Big Dividends for Maine’s Economy | BALLE – Business Alliance for Local Living Economies

A new study produced by the Maine Center for Economic Policy (MECEP) has found that, on a dollar-for-dollar basis, the local economic impact of independently owned businesses in Portland is significantly greater than that of national chains. MECEP found that every $100 spent at locally owned businesses contributes an additional $58 to the local economy. By comparison, $100 spent at a representative national chain store in Portland yields just $33 in local economic impact. Read more…

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