Civic Economics, an economic research lab in Austin, TX, has completed several studies that demonstrate that three times more money stays in the local economy when it’s spent with locally owned companies versus national corporations.
Dollars spent with local companies recirculate when the local business owner, in turn, hires other local companies, such as accountants, website developers, or graphic designers, which creates more jobs and opportunities for regional residents.
The goal of the CC Supplier Source website is to increase revenue to regionally owned companies, which creates more rural, Arizona jobs.