When Buying Local Doesn't Build Community Wealth, by Amy Cortese (Locavesting)
Buy local. Support local business. These are the rallying cries that community-boosters (including myself) use all the time. When you spend money at a local business, the theory goes, more of that money circulates in the community, supporting other local businesses as well as charities and boosting the local tax base.
Except when it doesn't.
Friday, August 30, 2013
Some sobering and fascinating numbers herein.