Why is it more important than ever to support local businesses? Amazon’s growing market power is threatening small businesses and “weakening communities,” according to a new study from the Institute for Local Self-Reliance.
The study’s findings conclude that Amazon is causing the number of independent merchants to decline sharply, “undermining jobs and wages,” and affecting local tax bases. What difference does it make when we support local businesses?
Olivia LaVecchia, researcher with the Institute for Local Self-Reliance’s Community-Scaled Economy Initiative
Susana Morales Konishi, executive director of Oakland Grown and small business owner
Alyah Baker, owner of Show & Tell Concept Shop
Institute for Local Self-Reliance: How Amazon’s Tightening Grip on the Economy Is Stifling Competition, Eroding Jobs, and Threatening Communities