Santa Cruz County Local Guide 2021

Page 17

WHERE DOES THE MONEY GO?

Independent businesses bring substantial benefits to local economies compared to their chain competitors. While chain stores and chain restaurants extract locally-generated revenue from the community with each bank transaction, independents create a virtuous cycle of local spending, producing more jobs for residents, increased tax revenue for local governments, more investment in both commercial and residential districts, and enhanced support for local nonprofits. In short, these businesses create better communities. THINKLOCALSANTACRUZ.ORG

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Santa Cruz County Local Guide 2021 by Weeklys - Issuu