There have been tons of studies on how spending local impacts your community. A common number is 65% of dollars at a local stores stay local and about 35% spent at a national store stay local.
My question is in regards to service industries - is there a similar study done? For example, if I go to the local doctor office or hire the local engineering firm are the ratios the same? If I'm a local bank trying to win the rights to finance a project do those dollars stay local at the same ratio as the retail numbers?
My question is in regards to service industries - is there a similar study done? For example, if I go to the local doctor office or hire the local engineering firm are the ratios the same? If I'm a local bank trying to win the rights to finance a project do those dollars stay local at the same ratio as the retail numbers?