Research and Studies
Coming Soon! LOCO BC, Columbia Institute & ISIS are collaborating on a implementation guide for local purchasing, as a companion guide to The Power of Purchasing study. The report is expected by October 2013.
The Power of Purchasing: The Economic Impacts of Local Procurement
2013 study by LOCO BC, the Columbia Institute, and ISIS at the Sauder School of Business evaluates the impact of purchasing from local suppliers. Using office supply purchasing to make the case, the study shows that Mills Basics, a locally owned B.C. office supply company, re-circulates 33% of their revenue directly to residents and businesses in B.C., compared to 17% and 19% for their multinational counterparts. This presents a 77%-100% economic advantage for B.C. from buying local, and an 80%-100% increase in jobs per million dollars spent. The increase in recirculation is attributed to greater employment on the part of the local company compared to multinationals. Check out our blog post for some of the highlights or to download the report.
Independent BC: Small Business & The British Columbia Economy
2013 Civic Economics study on Canadian market share of independent and chain business and calculates the economic impacts of locally owned business compared to their major North American chain competitors. Check out our blog post for some of the highlights or to download the report.
The Business Alliance for Local Living Economies (BALLE) is a network of more than 80 local business networks across the US and Canada, representing more than 20,000 entrepreneurs. Find many resource on their website.
The Institute for Self-Reliance works to support environmentally sound and equitable community development. Their New Rules Project has done many studies on how big box stores harms small business. Website: newrules.org/publications
Michael Shuman is author of Going Local, The Small-Mart Revolution, & Local Dollars, Local Sense. He works and writes on everything from community-based asset mapping to local stock exchanges. Website: small-mart.org
The New Economics Foundation is an independent think-and-do tank that inspires and demonstrates real economic well-being, aiming to improve quality of life by promoting innovative solutions that challenge mainstream thinking on economic, environment and social issues. View some of their publications here.
Civic Economics has conducted many studies comparing the circulation of dollars (the “multiplier effect”) when money is spent at local versus chain stores.
- Procurement Matters - The Economic Impact of Local Suppliers: compares the economic impact of purchasing at local versus chain office suppliers
- US Cities move to prevent big box retail
- Miles driven for purchasing grows
- Corporate co-opt of “local”
- Impact of local business on the West Michigan economy
How to Buy Local in BC
The best way to buy local is to follow LOCO’s Live Local, Buy Local campaign. Through our partnership with The Tyee and Vancity, we provide advertising and raise awareness for our members. We supplement this with video ads that highlight businesses in several areas of the lower mainland, and social media campaigns. Check our Live Local, Buy Local campaign for more details.