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What's in it for Me?
Spending Circles and Local Multipliers
will determine how much local wealth stays in the
community. Knowing how much stays in the community
can affect a local business the following ways:
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- May determine community cash flow or dollars available
for reinvestment in your community. The less dollars available
within a community for local reinvestment, the less opportunity
a community has to nourish itself.(i.e. support of youth
and elder programs, arts and culture, public education,
health & human services, etc.)
- May determine available discretionary dollars for
customers to spend with you.
- May indicate ability to retain local workforce: not
just seasonal workers, but teachers, police and public safety
personnel…those that make up the backbone of our communities.
- Can affect local decision-making on future economic
development and impacts on infrastructure. (Road capacity,
housing, wastewater, public safety services, schools)
- May help define stress on infrastructure that can
affect need for taxes in community. May indicate existing
hidden subsidy levels for some but not all businesses.
- Can help determine if earnings gap is growing or
declining.
- May help define the "leaks" through which
our young and profits are escaping. (it may indicate a dearth
of sectors that prevent profits and intellectual and human
capital from being exported).
- Will define the overall economic health of the region,
which can help local businesses, residents and boards plan
for their futures.
- May indicate impacts to our community character and
may cause communities to take action to "plug the leaks".
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