A number of researchers and organizations are taking a closer look at how money flows, and what they’re finding shows the profound economic impact of keeping money in town—and how the fate of many communities around the nation and the world increasingly depend on it.
At the most basic level, when you buy local more money stays in the community. Independent researchers have compared patterns in the flow of currency for both locally and non-locally purchased goods. They found that twice the money stayed in the community when folks bought locally. This means those purchases are twice as efficient in terms of keeping the local economy alive.