New report published today, Local Heroes II – a study of the economic, financial and social significance of the independent retail grocery sector by Economist Jim Power.
Local independent family owned shops invest €3.62bn annually in the national economy and support 90,000 jobs.
Local independent food shops are at the very heart of vibrant communities – contributing over €100m annually in commercial rates and investing €41m in local sponsorship.
“This second Local Heroes report clearly demonstrates that family owned shops are the best supporters of Ireland and Irish towns and villages”, said Economist Jim Power.
“If you spend money in these local shops it is worth three times more to the local community. People that want to live in vibrant local communities should be supporting Irish owned shops. Every €100 euro spent in a locally owned shop results in an injection of €250 into the local economy” he added.
Jim Power continued: “Family owned shops are major employers in local economies and give many people their first job. They are the most significant employers in the retail sector with 89% being paid above the National Minimum wage”.
This report is based on research carried out with RGDATA members who own 4,000 shops, convenience stores and supermarkets around Ireland.
Tara Buckley Director General RGDATA said:“We know people want to support Irish and local. The best way to do this is to spend €20 euro more in your local independent shop – it’s worth €50 euro more to your local economy”.
For Executive Summary click here
For further information:
Communications Manager, RGDATA
Direct Line: 01-2887584
The Retail Grocery Dairy & Allied Trades Association - RGDATA - is the representative association for over 4,000 independent family owned grocery shops, convenience stores, forecourt stores and supermarkets in Ireland. RGDATA is the longest established trade association representing the independent grocery sector for over 70 years.