Local Economic Development
This page offers a glimpse into the significance of local economic development.
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.
By supporting local retailers, local residents and officials can create a healthier, more sustainable community.
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.
Resident consumption controls 70% of the economy. Buying local packs a powerful force for economic good.
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.
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.
The stronger our culture of entrepreneurism in Sonoma County, the stronger our economy will be. Connect the dots.
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.
GO LOCAL members can add these messages and facts to your website and other marketing to increase awareness of going LocalFirst.
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.
Not just the recession: What our banking system has to do with our unemployment crisis, and what we can do about it.
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.
Learn about Sonoma County's Bank Local certified banks and credit unions with our Better Know profiles.
Local banks and credit unions play an important role in our local economy that increases the impact of the shift.
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.
22 results found