We know from many US studies that there is an economic power in shopping locally. This economic power is attributed to the number of times money circulates within the local economy. It’s referred to as the multiplier effect. A new study based in BC will help to provide some numbers of the economic multiplier of shopping local in BC. LOCO is calling on all BC small businesses to participate in the study.
A new survey of independent storefront retailers, restaurants and coffee shops will quantifying the economic impacts of local companies to the BC economy. If you run a non-franchised retail store, restaurant, or bar with only BC locations, please participate! The short survey is available here and will remain open until October 26, 2012.
More information on the BC study of the multiplier effect is available here.