Hover over Reasons to Learn More
For every $100 spent at a locally owned business, $71 stays in the local economy, creating jobs and expanding the city’s tax base. For every $100 spent at a national chain or franchise store, only $14 remains in the community.
Independent businesses bring vibrancy and personality to our neighborhoods, making them a destination for local residents and tourists.
Since they do not have a national sales plan or corporate office to answer to, independent businesses have the power to stock and sell products that their customers want and need. This means better options and more choices.
Residential neighborhoods served by successful independent business experience an increase in property values, prosperity of local organizations and per capita income growth.
Local businesses thrive by building long-term relationships with their customers that are built on trust and quality.
Not only do independent businesses employ more people directly per dollar of revenue, they also are the customers of local printers, accountants, wholesalers, farms, attorneys, etc., expanding opportunities for local entrepreneurs.
When business districts flourish, potential entrepreneurs take notice and want to be a part of the action. More local businesses mean more options and personality in your neighborhood.
Local business owners are neighbors, parents and friends that are personally invested in their communities. Studies have shown that local businesses contribute twice as much to local charities as do national chains.
More efficient land use and more central locations mean local businesses put less demand on our roads, sewers, and safety services. They also generate more tax revenue per sales dollar. The bottom line: a greater percentage of local independent businesses keeps your taxes lower.
Having a diverse array of businesses within walking, biking or CTA distance reduces the amount of driving that Chicago’s residents must do to shop for goods and services. It also helps to conserve land, limit sprawl and lessen traffic and air pollution.