Arizona’s local businesses post revenue gains in 2015

Feb 17, 2016, 5:45 AM | Updated: 8:33 am
(Facebook/Phoenix Public Market)...
(Facebook/Phoenix Public Market)
(Facebook/Phoenix Public Market)

Arizona’s independently-owned businesses saw strong revenue increases last year.

A new independent business survey showed a 7.1 percent increase in sales for local businesses in the state last year. That is higher than revenue growth for independent businesses nationwide, which was at 6.6 percent.

The survey was conducted by the Institute for Local Self-Reliance in partnership with the Advocates for Independent Business. During this past holiday season, Arizona’s locally owned businesses reported a 5.2 percent holiday sales gain. That’s nearly 60 percent higher than the national average.

“People are really starting to recognize that you create more economic activity (and) more jobs when you spend at local businesses,” said Kimber Lanning, director of Local First Arizona.

She said one of the benefits of shopping at a local business is that much of the revenue stays in the state.

“When you shop at independent businesses, three times more of that money stays and recirculates in the local economy,” Lanning said.

The survey also showed an increase in hiring thanks to revenue gains in 2015. Nationwide employment expanded at independent businesses by 5.6 percent. Arizona also saw a 5.6 percent increase in hiring.

Lanning said Local First Arizona works to connect and promote local businesses. She expects those businesses to continue to thrive in the state into the future. She said they have had success in many downtown districts like downtown Phoenix.

“We’re seeing nothing but upward growth,” Lanning said. “More and more millennials and even retired boomers are saying ‘We love independent businesses.’ They’re out at the restaurants, and the scene (there) is really thriving.”

Lifetime Windows & Doors

We want to hear from you.

Have a story idea or tip? Pass it along to the KTAR News team here.

Arizona News

(Screenshot via ADOT Webcam)...

Rollover truck crash shuts down Loop 303 near I-17 in Peoria

A big rig rollover shut down part of a West Valley freeway during Thursday morning rush hour, state transportation officials said.
8 hours ago
(Facebook Photo/Northern Arizona University)...
Griselda Zetino

NAU, community colleges partner to launch Arizona Attainment Alliance

NAU is partnering with all 10 community college districts across the state to meet what they view as one of the biggest challenges in Arizona: low college-attendance rates and attainment.
8 hours ago
(File Photo by Courtney Pedroza/Getty Images)...
Kevin Stone

Prop 132 would require 60% supermajority to pass Arizona ballot measures that add tax

Prop 132 asks voters if ballot measures that enact a tax should require a supermajority of at least 60% to pass instead of the current 50% threshold.
8 hours ago
(Flickr Photo/Arizona Department of Transportation)...

Westbound I-10 to close overnight Thursday in central Phoenix

A stretch of Interstate 10 in central Phoenix will be closed overnight Thursday for roadwork, state transportation officials said.
8 hours ago
Follow @KTAR923...

Angry Chickz opening first Arizona location in Glendale on Friday

California-based Angry Chickz Nashville Hot Chicken will make its Arizona debut with its first location slated to open in the West Valley on Friday.
8 hours ago
(Peoria's 2nd Saturdays Facebook photo)...
Wills Rice

City of Peoria receives International Economic Development award

The city of Peoria was presented with an Excellence in Economic Development award from the International Economic Development Council.
8 hours ago

Sponsored Articles

Children’s Cancer Network

Children’s Cancer Network celebrates cancer-fighting superheroes, raises funds during September’s Childhood Cancer Awareness Month

Jace Hyduchak was like most other kids in his kindergarten class: He loved to play basketball, dress up like his favorite superheroes and jump as high as his pint-sized body would take him on his backyard trampoline.

Key dates for Arizona sports fans to look forward to this fall

Fall brings new beginnings in different ways for Arizona’s professional sports teams like the Cardinals and Coyotes.
Day & Night Air Conditioning, Heating and Plumbing

Most plumbing problems can be fixed with regular maintenance

Instead of waiting for a problem to happen, experts suggest getting a head start on your plumbing maintenance.
Arizona’s local businesses post revenue gains in 2015