Studies done nationally have shown that for every $100 spent locally, $45 is returned to the local economy. On the other hand, for every $100 spent at national chains, only $13 of economic impact was felt in local economies. A similar study was done right here in Maine in 2003 in the Mid Coast Region. The economic impact of consumer spending at eight local businesses was contrasted with the impact generated by spending at eight national chain stores. The results showed that 44.6% of the dollars stayed in the surrounding Maine counties, while an additional 8.7% was spent state wide. Only 14.1% of the money spent at the chain stores stayed in Maine.
National studies have also shown that just as little as a 10% increase in local spending spurs job creation. A Portland study in 2006 found that a 10% increase in local spending would result in an increase in $50 million in revenue in Greater Portland and 600 additional jobs. Local businesses proportionally tend to employ more local labor and buy more local goods than national competitors. Local businesses are located right here in our state, don’t operate from remote headquarters, and contribute more to local charities at a rate of 4 to 1. Local businesses contribute more to state and local taxes.
Based on these findings I would ask you to consider using Kris-Way Truck Leasing, Inc. for your transportation solution. We are Maine and New England’s largest independently owned full service truck leasing company. Other benefits of doing business with locally owned companies include strong customer service, flexibility, and individual customer attention. National companies have their place, and sometimes provide a viable alternative. However, when all things are equal, the benefits of choosing a local option are hard to ignore.
We welcome the opportunity to compete for your business. Our goal is to provide you with a cost effective program while providing the best service in the marketplace. I encourage you to let us explore your operation and determine if Kris-Way is a good fit for your business.