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What Makes Local and Independent So Important?
This month we are focused on the high-stakes issue of employment in our community. National studies have shown that the people who live in cities with a higher density of locally-owned businesses also enjoy higher income growth per capita.* That's not surprising when you take into account the fact that the dollar you spend locally puts about 3 times as much money back into the community as a dollar spent at a chain or franchise (and online shopping sends almost all of your money away!). But locally-owned businesses often play a more direct role in creating better paying, more sustainable jobs in our city. Local, independent ownership means that businesses can respond with more flexibility -- and more loyalty-- to the needs of our existing employees and to the potential of applicants trying to make it into the job market.
What kind of businesses are local and independent? Last fall Cambridge Community Television met with just a few of the local, independent businesses that thrive in Cambridge. These videos tell their stories.
*"Does Local Firm Ownership Matter?" David A. Fleming and Stephan J. Goetz, Economic Development Quarterly, Sage Journals (April 28, 2011).
Want to Learn More?
Cambridge Local First is part of a nation-wide effort to build stronger, healthier more resilient communities. Contact us to find out more about what we do and how you can take part.
Cambridge small business owners and entrepreneurs are encouraged to stop by during the Open House drop-in hours to:
- Learn about small business resources in Cambridge
- Apply for small business grants
- Connect with other business owners
- Meet with staff from CDD’s economic development division
Wednesday, March 21, 2018 at Lesley University, 1815 Massachusetts Ave, 3rd floor, 9:00 a.m. – 10:30 a.m.
Huron Village / Observatory Hill
Wednesday, April 11, 2018 at Sarah’s Market, 200 Concord Ave., 9:30 a.m. – 11:00 a.m.
Tuesday, April 24, 2018 at Beat Brasserie, 13 Brattle St, 2:00 p.m. – 3:30 p.m.
Wednesday, May 9, 2018 at Kendall Square Association Offices, 510 Kendall Street, 2:30 p.m. – 4:00 p.m.Thursday, November 30, 2017 at Atwoods Tavern, 877 Cambridge St. 2:00 p.m.- 3:30 p.m.
The link to the CDD page with this information can be found here. Please be sure to link through to confirm event dates and times. These services are free and open to all. Food and beverages will be provided, and translators can be made available upon request for Open Houses scheduled in 2018.