Did you know when you spend money outside of the City of Littleton you’re helping to improve roads and pay for services in another community? Sales taxes paid in another city remain in their coffers. Retail leakage analysis estimates the City of Littleton loses over $3 million a year in sales tax because of purchases made outside the city limits.
When shopping locally, you simultaneously create jobs, fund more city services through sales tax, invest in neighborhood improvement and promote community development. Dollars spent in locally-owned businesses have three times the impact on your community as dollars spent at national chains and include direct and indirect positive impacts.
- Direct impact is spending done by a business in the local economy to operate the business, including inventory, utilities, equipment and pay to employees.
- Indirect impact happens as dollars the local business spends with other area businesses re-circulate in the community.
Contact the Economic Development Department for more information on free services and resources for business owners. Email or call, email@example.com