Chamber: Shift Spending by $200 Locally to Fund 10 Teachers
I know we hear it all the time: Buy local. We push it in the pages of our magazine, featuring merchandise, clothing and food created by people who own businesses and homes in this community. Downtown advocates have even created a free valet service, making shopping and dining downtown that much easier.
Franklin Street.
But what does buying locally actually mean? Aaron Nelson, president and CEO of the Chapel Hill/Carrboro Chamber of Commerce put it in pretty stark terms during a recent presentation on the state of our community at a Friends of Downtown meeting.
According to Nelson, if Orange County residents shift their spending by $200 a year to Orange County, local sales tax revenue will rise by 2 percent, which equals $500,000 in new sales tax revenue.
Chamber Vice President Adam Klein says that translates into money that could be spent on 10 teachers' salaries with benefits.
In 2008-09, there was a total of $926,654,246 in taxable sales in Orange County, according to the Chamber’s State of the Community report, but in neighboring Durham County, retail sales exceeded $2.5 million.
It’s pretty clear that Orange County residents are among those helping that Durham number creep up. And let’s be honest with ourselves: Sometimes it's necessary to go elsewhere, to get what we can’t get here.
“We abhor what we desire,” Nelson said. “We shop at Costco, but we don’t want a Costco.”
For more stats from the State of the Community report, click here.
And - please share your thoughts. What strategies do you use to buy local? What does our city need to make buying local more of a reality? What are the barriers to buying local?








Wednesday, June 2, 2010 at 10:42AM
