The key to sustainable economic growth will be encouraging customers to buy or invest in local products and services. Researchers from The New Economics Foundation, a London-based think tank, found out that twice more money stayed with the local economy when buyers went for local goods.
Although the U.S. economy works on a macroeconomic scale, resisting downward trends rests with local economies holding their ground. They form the basic building blocks that paint a bigger picture of the economy. Local business could’ve been more proactive with local marketing in Greenville, SC and other places to blunt recession’s effects.