What’s Local?

At LOCO our work is centred on the economic impact of local. And as an organization that coordinates a Buy Local campaign, ‘What’s local?‘ is often the first question we’re asked.

We know the greatest local economic value is created by businesses who are locally owned and operated. Based on our research study, the Power of Local Purchasing, we know these businesses re-circulate dollars in our local economy 2.6 times more than their non-locally based counterparts. For every $100 dollars spent with a BC-based business, $46 will stay in our economy (vs $18 for non-local counterparts).

At LOCO we’ve been working on creating a definition of local that centres on maximizing the local economic impact consumers and purchasers can generate. These definitions are at the centre of the BC Buy Local campaign.

When asking ‘what’s local’, follow these guidelines.

Local Owned: 

Local owned businesses are:

  • Private companies (ex. single owner or partnership, employee owned, co-operative or social enterprise/non-profit)
  • Headquartered in BC
  • > 50% of owners residing in B.C.

Local Made*

  • A product that is wholly or largely (>50%) manufactured or processed in B.C.

*Can include products produced without local materials or ingredients. Local made products with local ingredients or materials can add “Local Grown” if applicable.

Local Grown

  • An agricultural product grown in BC (ex. food, plants, fibre, wood)
  • A manufactured product with >50% materials grown in B.C.

Local Champion

Anyone who purchases from Local Owned businesses or buys Local Grown and Local Made products can be a Local Champion. Let your customers know you value them as Local Champions.

 

 

Trackbacks

  1. […] The BC Buy Local campaign kicks off with BC Buy Local Week on December 1-7, 2014. Buy Local Week is an annual celebration of local business to promote the contributions that BC businesses make to our economy and our communities. The goal of the BC Buy Local campaign is to illuminate the local market, making BC-based businesses, products, food and wines more visible to consumers. What’s local? Read more on the LOCO BC blog. […]

  2. […] How do we define local? Read here to find out. […]

  3. […] centres on the ability to identify BC owned businesses as well as BC made and grown products by defining what is local from a local economic impact perspective. For a better idea look to this list found on the official […]

  4. […] How do we define local? Read here to find out. […]

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