The Urban Conservancy Releases New Economic Study

September 22, 2009

The Urban Conservancy, working with Civic Economics, just released its latest study entitled Thinking Outside the Box which demonstrates that local retailers generate twice the annual sales than their leading chain competitors.

The study shows that on a comparative basis between locally-owned and leading chain competitors, local, New Orleans retailers generate twice the annual sales, recirculate revenues within the local economy at twice the rate, and on a per square foot basis, have four times the economic impact while consuming a fraction of the land. According to the study’s findings, by shifting a mere 10% of shopping dollars from national retailers to local retailers residents could inject an additional $235 Million into the regional economy annually. See page 7 of study. To read the study, click here