Our friend Joe Grafton at Somerville Local First sent along this little tid-bit and I thought I’d share it with you. It’s just yet another reminder of the benefits of shopping locally. When you spend your hard-earned bucks locally, that’s more money for the local economy. It’s a system that benefits everyone – there’s no downside. Check it out…

There’s a new study out, further quantifies the benefits of shopping locally.  It shows that if 600,000 residents shifted 10% of their shopping locally, the community would experience tremendous economic benefits, such as:

* 1600 jobs would be created
* There would be $137 Million in new economic activity
* There would be $50 Million in new wages earned

You can find the Exec Summary and Full Report here.

– Ben

Ben Saren is Co-Founder and CEO of CitySquares.com, the premier hyper-local search site for small businesses nationwide. Ben is also a guest writer on Local Search News and a a regular at industry conferences and within the Boston high-tech and entrepreneurial scene. Ben's actively blogs at Your Suspect, where he writes about his experiences and perspectives as an entrepreneur. Email this author | See all posts by Ben Saren

Tags | economy, jobs, local, shopping, Somerville Local First, wages