What is the "multiplier" benefit small business provides to their local community?

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asked Jan 13, 2024 18.8k views

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Lovetomato · Answer 1 · 2024-01-18T21:00:01+0000

Answer:

There's a multiplier effect—an additional economic benefit that accrues to the community—when people spend locally. For example, If you spend $100 at a locally-owned business, $68 stays in the community. If you spend $100 at a national chain, only $43 stays in the community.

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What is the "multiplier" benefit small business provides to their local community?

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