Local Economic Development

Local Economic Development

This page offers a glimpse into the significance of local economic development.

How to GO LOCAL First in Sonoma County

GO LOCAL First asks you to think about the many advantages of choosing local first.  Locally owned businesses provide more jobs, support more local non-profits and provide our local flavor, character and personality.

Why Care about Locally Owned, Independent Businesses?

By supporting local retailers, local residents and officials can create a healthier, more sustainable community.

Cannabis and its Impact on our Local Economy
"Locavesting": A Super New Funding Concept for Local Businesses
Small, Local Businesses Drive Sonoma County Economy
The Local Economic Multiplier Effect

The Local Economic Multiplier Effect is a very valuable feature of our economy. The term refers to how many times dollars are recirculated within a local economy before leaving through the purchase of an import.

Local Economic Pollinators

Resident consumption controls 70% of the economy. Buying local packs a powerful force for economic good.

Oliver's Market Local Economic Multiplier Analysis

According to a 2011 analysis conducted by Sonoma State University, buying Sonoma County products from Oliver's Market benefits the Sonoma County economy TWICE as much as buying national brands from chain stores.

Ten Steps Guide for Starting a Sonoma County Business

The EDB’s step-by-step guide to starting a new business. "Ten Steps" will guide you seamlessly through the process of getting your business started andcompliant with rules and regulations.

INFOGRAPHIC: Culture of Entrepreneurism

The stronger our culture of entrepreneurism in Sonoma County, the stronger our economy will be.  Connect the dots.

Local Banks and Credit Unions: More Loans, Less Defaults
Buy Local Programs Drive Higher Sales

An annual survey has found that independent businesses experienced solid revenue growth in 2012, buoyed in part by “buy local first” initiatives and growing public interest in supporting locally owned businesses.

Local Economy Quick Facts

GO LOCAL members can add these messages and facts to your website and other marketing to increase awareness of going LocalFirst.

The Buy Local First Dividend: A Chain Reaction

Study after study has indicated the economic benefits to a local community when residents choose local businesses for purchases.  It's called the economic multiplier effect.  By choosing local first, the economic multiplier kicks in and we return $25 more of every $100 spent to recirculate in our local economy.

The Vital Role of Local Ownership of Local Businesses
Local Jobs Through Local Banking

Not just the recession: What our banking system has to do with our unemployment crisis, and what we can do about it.

Study Finds Local Businesses Key to Income Growth

The results of a new study suggest that the key to reversing the long-term trend of stagnating incomes in the U.S. lies in nurturing small, locally owned businesses and limiting further expansion and market consolidation by large corporations.

Better Know Your Local Banks and Credit Unions

Learn about Sonoma County's Bank Local certified banks and credit unions with our Better Know profiles.

Why Bank Local?

Local banks and credit unions play an important role in our local economy that increases the impact of the shift.

 

Making the Shift Happen to Local

What is the Shift?

Shift represents moving purchases of goods and services from out-of-county-owned-businesses (OCOB) to locally-owned businesses (LOB).  This includes purchases made by individual residents, visitors, businesses and local governments.

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Oliver’s Market Releases First Social Purpose Report
Oliver's became a Social Purpose Corporation (SPC) in 2017 when Oliver's founder and president Steve Maass opted to concurrently make this change and establish an Employee Stock Ownership Plan (ESOP). These changes were made to preserve Oliver’s independence for years to come and reward the employees who have worked to build and sustain the company.
New Graphs Show the Failures in U.S. Banking Policy
Prior to 2010, about half of the local community banks lost to mergers each year were replaced by a new startup banks. That pipeline disappeared in 2010, in part because regulators imposed much higher hurdles for new banks after the financial crisis. These new regulations have accelerated the decline of community banks, and that trend matters because these small institutions punch way above their weight in areas like small business lending. As the graphs provided show, community banks and credit unions control only 16 percent of the industry’s assets, but they supply more than half of lending to small ...
COOKIE…take a bite! Continues To Grow With New Hire
New Director of Sales Will Help Cookies Reach More Customers
87% of Small Biz Employees Having More Fun
87% of Small Business Employees Having More Fun than Big Business Workers. Despite the challenges of operating a small business, more employees feel they are having more fun working for small businesses than working for big businesses.
Cannabis and its Impact on our Local Economy
Small, Local Businesses Drive Sonoma County Economy
The Local Economic Multiplier Effect
The Local Economic Multiplier Effect is a very valuable feature of our economy. The term refers to how many times dollars are recirculated within a local economy before leaving through the purchase of an import.
Oliver’s Markets Releases Results of Updated Research
The Value of Shopping Locally is Powerful
Local Economic Pollinators
Resident consumption controls 70% of the economy. Buying local packs a powerful force for economic good.
Indie Business Survey Shows Big Revenue Gains 2014
Take Advantage of New Incentive Program to Help with New Hires
Local employers are invited to take advantage of a new program offered by the Sonoma County Workforce Investment Board and Job Link, which will help local employers subsidize their orientation/on-boarding and training costs for new hires. This program can pay for 50% of an individual's wage, (up to $10,000 or six months), to local employers for each new eligible person they hire, to help compensate for training costs.  
Celebrate Food System Innovation Day: September 17
The world needs food system entrepreneurs.  Along with entrepreneurship comes innovation.  They’re two peas in a pod.