Discover the Power of Buying Local
YOUR DOLLAR GOES FURTHER
Businesses spend money to make money. They pay their employees, suppliers, landlords, accountants—you get the idea. The big difference is that businesses with Alaskan ownership are much more likely to pay our entities that are also in Alaska.
HERE’S THE DIFFERENCE
3X the Value
When you shop local, about 63% of your money stays in Alaska, compared to just 22% when you purchase from an external big business.
2X the Wages
On average, Alaskan entrepreneurs allocate twice the amount of company revenue to paying local wages, resulting in greater wealth distribution and more profit sharing.
Viva Entrepreneurs!
Local businesses collaborate to bring innovative ideas to light. These partnerships fuel growth, job creation, and more localized resiliency.
4X the Jobs
Shopping locally is so helpful in our economy that every dollar spent in Alaska boosts our job market’s growth four times faster than a dollar paid to out-of-state enterprises.
4X More Donations
Local businesses support local charities at four times the rate put forth by interstate businesses.
Hey Partner!
Money kept in Alaska by local businesses goes to paying other in-state businesses and so on. Interstate businesses shop elsewhere.
Here’s the Takeaway
When you buy local, you get awesome products and services from quality producers, and you win a secret Good Citizen award for helping out the economy.
A thriving small business community is directly linked to improved community self-reliance, greater social and civic well-being, reduced inequality, and greater economic resilience.
Alaska’s small business community packs a lot of heart. Choosing local means supporting not just an Alaska business owner, but a system of local organizations and people.
Learn More About Local
Thank you to the University of Alaska Center for Economic Development for crunching the numbers!
