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

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Presentation on theme: "Locally-owned Businesses: Grow Your Economy and Drive Tourism Kimber Lanning Founder, Executive Director."— Presentation transcript:

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

2 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.

3 Local First Arizona 2600+ locally owned businesses of all sizes 2600+ 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 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

5 LFA members by Industry Sector

6 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

7 Chicago?! But you live HERE now!

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

9 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.

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13 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

14 One company making a huge impact on our economy

15 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

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

17 Regional Thinking Creates New Dollars for All

18 Growing Statewide Presence

19 MERGER Federally Designated RDC

20 Case Study: Cottonwood

21 Case Study: Bisbee

22 Case Study: Safford

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

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

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


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