Locally-owned Businesses:Grow Your Economy and Drive Tourism Kimber Lanning Founder, Executive Director
Money Does Not Spend the Same For every $100 spent in a local business, $45 re-circulates and stays right Here in Arizona. For the same $100 spent in any national chain, only $13 remains.
Local First Arizona 2600+ locally owned businesses of all sizes The largest local business coalition in North America An on-line directory that is searched more than 42,000 of times each month A BUY LOCAL campaign Both (c)6 and (c)3 status An advocacy group working on long-term economic development Focused on ECONOMIC sustainability Focused on business to business interaction and growing “deep wealth” in the region 56,000 social media followers Funded by member dues, earned revenue, and grants
4 Key Areas of Work Land use, adaptive reuse, infill Procurement Cultural Tourism Economic Development
Local First Programs WeekendZona: Rural Development and Tourism Shift Arizona: Shift the Way You Shop! Fuerza Local: Spanish Language Initiative Localist: New campaign to build civic pride though individual experiences
Economic Gardening The Secret to Job Growth in America: Think SMALL Harvard Business Review- 2010
The small businesses in the La Grande Orange complex at 40th Street and Campbell, an adaptive reuse project, generated $20 million in sales in 2008.
Jobs per $10 Million in Sales Independent Retailers: 110 Chain Retailers: 50 Amazon: 14 source: Institute of Local Self-Reliance 2013
Procurement:City of Phoenix Success Story • $5,000 threshold moved to $50,000 • Open public bid only over $50,000+ contracts • Under $50,000 goes to database populated only with Arizona companies
COLLABORATE! GROW THE PIE • Other Organizations • Tourism entities • Small Businesses • Community Leaders • Arts and Culture
MERGER Federally Designated RDC
Examples of Celebrating your Community Assets • Sedona • Ajo • Florence • Prescott
Making the SHIFT means more jobs and more money circulating locally! SHIFT 10% of your spending!
Contact me with questions • Kimber Lanning Kimber@localfirstaz.com • Visit our website Localfirstaz.com