Anybody know more about this?:

I’ve heard the following sentiment & a similar stat over the years:

When you spend money locally, those dollars don’t just evaporate to some corporate headquarters across the country or around the world. Instead, they tend to stay in the community, where they’re reinvested between three and six more times. When consumers spend $100 at a chain store, only $13 stays in the local community, on average. At a local business, that number rises to a healthier $48.

I can imagine a local shop owner sponsoring the local little league team… and I know the average hole-in-the-wall donut or phở restaurant owner won’t have a beach home, and I like they have the potential to make a decent bit of dough without college degrees… but perhaps somebody’s actually analyzed this?