Local Economic Development

Take a glimpse into the importance of local economic development.
Public Procurement: The Untapped Stimulus

In 2017, according to Census data, state and local governments collectively spent about $3.7 trillion. Increasing the flow of these trillions toward local businesses in the post-COVID era could generate enormous boosts in local income, wealth, and jobs. Moreover, this stimulus would cost your state nothing—in fact, it would probably save billions of public dollars.

Help Your Local Businesses Weather COVID-19
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.

Own a local business and interested in GO LOCAL?
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
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.

Local Banks and Credit Unions: More Loans, Less Defaults
Top 10 Ingredients of a Local Economy
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.

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
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.

 

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Public Procurement: The Untapped Stimulus
In 2017, according to Census data, state and local governments collectively spent about $3.7 trillion. Increasing the flow of these trillions toward local businesses in the post-COVID era could generate enormous boosts in local income, wealth, and jobs. Moreover, this stimulus would cost your state nothing—in fact, it would probably save billions of public dollars.
8 Ways to Avoid Becoming a Zoombie
Michael Shuman calls attention to eight pandemic responses that seem to be shortening our social distance—and that we all should consider embracing.
Help Your Local Businesses Weather COVID-19
New Graphs Show the Failures in U.S. Banking Policy
New policies set in place in the aftermath of the 2008 financial crisis have dimished the creation of new community banks.
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.
Pollinate This
How buying local packs a powerful can of economic whoop-ass. 
Indie Business Survey Shows Big Revenue Gains 2014