A new study suggests that small changes in consumer spending could have a major impact on Quebec’s economy.
Les Produits du Québec released the results of a simulation Wednesday showing that if each Quebec household spent an additional $25 per week on locally made non-food products instead of imported goods, the province could see roughly $3 billion in annual economic benefits.
“In the current context, buying local is no longer just a matter of pride, it’s an economic act. This simulation confirms what we intuitively knew: Quebec’s strength lies in its businesses, its workers, and its consumers. 3 billion reasons to choose local,” says Daniel Bernard, Minister for the Economy and Small and Medium-Sized Enterprises.
The study, conducted by AppEco in collaboration with Quebec’s Ministry of Economy, Innovation and Energy, estimates the shift could also support or create nearly 29,000 jobs and generate about $180 million in government revenue each year.
Researchers say buying local can also benefit the environment. According to the simulation, the change in spending habits could reduce greenhouse gas emissions by nearly 120,000 tonnes of carbon dioxide equivalent annually by decreasing the transportation of imported goods.
“Quebecers don’t need to spend more, they just need to spend differently. This change of course, however simple it may be, could generate billions of dollars for our economy and provide concrete support to local businesses,” says Elfi Morin, Executive Director of Les Produits du Québec.
Les Produits du Québec says the findings highlight how modest consumer choices can strengthen local businesses, support employment and keep more money circulating within the province.
