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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North Bay iHub Innovation Week 2014
North Bay iHub announces the first North Bay Innovation Week highlighting innovation in the North Bay the week of Sept 15 – 19 2014.  This Conference will provide forums where entrepreneurs of all ages and stages can connect and exchange ideas that inspire the entrepreneurial spirit.
Entrepreneurs Turn to a New Source of Funds: Their Neighbors
The Wall Street Journal features Stacy MItchell, Jenny Kassan and Michael Shuman in an article on the front of their June 11, 2014 business section. Forget "Buy Local." A Growing Movement Is Urging People To Take Grass-Roots Support Further And Invest Local.
News Shorts: Parts Near and Far
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.
Localist Policy Agenda ASAP
Stacy Mitchell from the Institute for Local Self-Reliance breaks it down.  Public Policy matters if we want significant changes in building local economies.
INFOGRAPHIC: Culture of Entrepreneurism
The stronger our culture of entrepreneurism in Sonoma County, the stronger our economy will be.  Connect the dots.
OPINION: Local Government's Role
General Manager Tom Scott of Oliver's Markets and local investigative journalist Jonathan Greenberg combined forces to offer an invaluable primer in the April 2013 issue of North Bay Biz magazine for local government's role in helping local economies to thrive.
ECONOMIC DEVELOPMENT: Thinking Outside the Big Box
Danielle O'Leary is the Economic Development Manager for the City of Santa Rosa.  She has been working with GO LOCAL over the past year or so to find creative ways to implement import replacement theory.
VIDEO: Stacy Mitchell on TEDx Talks
She is a frequent contributor to this website and we always eagerly await her insights into discovering the essence of our economic woes and how to fix them.
VIDEO: Why Place Matters and Why Local Investment Matters
Businesses are not only meant to make money, but to create value in their communities. The opportunity of our lifetime is to cultivate the emergence of a financial and economic system that serves life, rather than the other way around—an economy where relationships matter most.