Battlefords Chamber finds promising data from shopping report
Shop local is a slogan familiar to the Battlefords that most people would agree has some benefits, but businesses can now point to actual data to make their case.
The Battlefords Chamber of Commerce released the full results of the Regional Economic study they had commissioned, which was prepared by Praxis Consulting Ltd. Titled the Economic Impact of Shopping Local, the report shows the impact on the community from an area-wide 10 per cent increase in spending at local firms in the region.
The findings, found through standard methodologies and using multiple models and input=output tables, are promising. If consumers spend just 10 per cent more at local stores, this could lead to 332 new positions to total employment amongst businesses. Chamber COO Linda Machniak said this would bode well for the business community and for labour opportunities in the region.
“Every one of the Chamber members could add a staff to their payroll and it would not only add those 332 positions but the total labour income would increase and could be circulated in the community by $15.9 million of wages and benefits and so on,” she said.