[repack]: Local
To understand the power of local, you have to follow the money. When you spend $100 at a national big-box retailer, a significant portion of that money immediately leaves your community. It goes to a headquarters in another state, pays for international shipping, or lines the pockets of distant shareholders. Economists estimate that only about $14 to $43 of that $100 stays in the local economy.
He walked three blocks and the architecture shifted. The glass-and-steel monoliths of the financial district gave way to red brick and rusted fire escapes. He passed a laundromat that smelled of warm cotton and lavender. He passed a bar with no sign, just a green light above a heavy oak door. To understand the power of local, you have
4 minutes
You don’t need to be perfect. Start small: Economists estimate that only about $14 to $43
