Locally-owned Businesses: Grow Your Economy and Drive Tourism Kimber Lanning Founder, Executive Director.

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Presentation transcript:

Locally-owned Businesses: Grow Your Economy and Drive Tourism Kimber Lanning Founder, Executive Director

Money Does Not Spend the Same For every $100 spent in a local business, $45 re- circulates and stays right Here in Arizona. For every $100 spent in a local business, $45 re- circulates and stays right Here in Arizona. For the same $100 spent in any national chain, only $13 remains. For the same $100 spent in any national chain, only $13 remains.

Local First Arizona locally owned businesses of all sizes locally owned businesses of all sizes The largest local business coalition in North America The largest local business coalition in North America An on-line directory that is searched more than 42,000 of times each month An on-line directory that is searched more than 42,000 of times each month A BUY LOCAL campaign A BUY LOCAL campaign Both (c)6 and (c)3 status Both (c)6 and (c)3 status An advocacy group working on long-term economic development An advocacy group working on long-term economic development Focused on ECONOMIC sustainability Focused on ECONOMIC sustainability Focused on business to business interaction and growing “deep wealth” in the region Focused on business to business interaction and growing “deep wealth” in the region 56,000 social media followers 56,000 social media followers Funded by member dues, earned revenue, and grants Funded by member dues, earned revenue, and grants

4 Key Areas of Work Land use, adaptive reuse, infill Land use, adaptive reuse, infill Procurement Procurement Cultural Tourism Cultural Tourism Economic Development Economic Development

LFA members by Industry Sector

Local First Programs WeekendZona: Rural Development and Tourism WeekendZona: Rural Development and Tourism Shift Arizona: Shift the Way You Shop! Shift Arizona: Shift the Way You Shop! Fuerza Local: Spanish Language Initiative Fuerza Local: Spanish Language Initiative Localist: New campaign to build civic pride though individual experiences Localist: New campaign to build civic pride though individual experiences

Chicago?! But you live HERE now!

Economic Gardening The Secret to Job Growth in America: Think SMALL Harvard Business Review- 2010

The small businesses in the La Grande Orange complex at 40th Street and Campbell, an adaptive reuse project, generated $20 million in sales in 2008.

Jobs per $10 Million in Sales Independent Retailers: 110 Independent Retailers: 110 Chain Retailers: 50 Chain Retailers: 50 Amazon: 14 Amazon: 14 source: Institute of Local Self-Reliance 2013

One company making a huge impact on our economy

Procurement: City of Phoenix Success Story $5,000 threshold moved to $50,000 $5,000 threshold moved to $50,000 Open public bid only over $50,000+ contracts Open public bid only over $50,000+ contracts Under $50,000 goes to database populated only with Arizona companies Under $50,000 goes to database populated only with Arizona companies

COLLABORATE! GROW THE PIE - Other Organizations - Tourism entities - Small Businesses - Community Leaders - Arts and Culture

Regional Thinking Creates New Dollars for All

Growing Statewide Presence

MERGER Federally Designated RDC

Case Study: Cottonwood

Case Study: Bisbee

Case Study: Safford

Examples of Celebrating your Community Assets Sedona Sedona Ajo Ajo Florence Florence Prescott Prescott

Making the SHIFT means more jobs and more money circulating locally! SHIFT 10% of your spending!

Contact me with questions Kimber Lanning Kimber Lanning Visit our website Visit our websiteLocalfirstaz.com