Local businesses contribute to greater wealth in their communities. According to data from Civic Economics, for every $100 spent at local businesses, around $73 remains in the local economy. By comparison, only $43 remains in the local economy when people shop at non-locally-owned businesses. Proceeds come from paying taxes that support the community, and local businesses buy supplies from other local businesses, further benefiting their economies. All of this keeps much more money within local communities.
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