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The term Independent Business Alliance refers to local affiliates of the AMIBA. According to AMIBA's website, "An IBA is a coalition of locally-owned independent businesses, citizens and community organizations united to support home town businesses in a community or geographic region...The AMIBA aims to help seed, support and network these alliances."
One study showed that small, local businesses are better for a local economy than the introduction of new chain stores. By opening up new national level chain stores, the profits of locally owned businesses greatly decrease and many businesses end up failing and having to close. This creates an exponential effect.
This is good news for small business owners: 48% of consumers trust independent businesses over corporations to sell them sustainable food. Zero-waste grocery stores —stores that sell products ...
For communities, spending at local independent businesses also generates more jobs and wealth in the local economy compared to spending at absentee-owned businesses, including corporate chains. [3] The goal of localisation is to reduce unnecessary transport, support entrepreneurism and to strengthen and diversify community economies. [4]
Colorado scores high for percentage of employer businesses owned by women (36%), employment rate among women (63%), female-owned businesses that earn a revenue of $1 million or more (27%), and ...
Designed to offer economic mobility, Beyond Open Small Business Grants provide capital to businesses in Charlotte, North Carolina, that are owned by minorities, women, veterans, LGBTQ+ and ...
One perspective of the local multiplier effect focuses on the greater local economic return generated by money spent at locally-owned independent businesses compared to corporate chains or other absentee-owned businesses. Localisation advocates cite the multiplier effect as one reason, of many, for consumers to do more of their business locally.
In 2021, Hispanic business owners made up 6.9 percent of all small businesses. Learn more about Hispanic-owned small businesses here.