Why Supporting Local Matters
At Alitis Investment Counsel, we believe that supporting our local economy is not just a responsibility—it’s an opportunity to help our communities thrive. That’s why we are proud to be members of Think Local First, the Greater Victoria Chamber of Commerce, the Comox Valley Chamber of Commerce, and the Campbell River & District Chamber of Commerce. These organizations are dedicated to promoting local businesses and strengthening the economic vitality of the communities in which we live, work, and play.
Why Local Matters
A 2019 study¹ by LOCO BC found that independent businesses recirculate up to 4.6 times more revenue in the local economy compared to multinational corporations.
- Category
- Independent Businesses
- Multinational Businesses
| Local Revenue Recirculation | Up to $63 of every $100 stays in the local economy | Only $14 stays in the local economy |
| Job & Revenue Generation per ft² | Up to 8.4 times more jobs and 8.1 times more revenue per ft² | Lower job and revenue density per ft² |
| Spending on BC Products & Services | Up to 31.4% of revenue spent on local products & services | Significantly less spent locally |
| Charitable Donations | Donate up to 24 times more per dollar of revenue to local charities | Much lower charitable contributions |
A 10% shift in B.C. consumer spending towards independent businesses would create 14,150 jobs & keep $4.3 billion in the B.C. economy.
Think Local First and the local chambers of commerce champion the power of community-driven commerce. By encouraging businesses and consumers to choose local first, the organization helps keep money circulating within our region, supports job creation, and fosters a resilient local economy. When small and locally owned businesses succeed, the entire community benefits.
Why and How Alitis Supports Local
As a firm with offices in Victoria, Comox, and Campbell River, Alitis is deeply invested in the long-term success of Vancouver Island’s economy. Many of our clients are business owners, professionals, and individuals who are building their financial futures right here in our communities.
Alitis prioritizes building strong client relationships, supporting local organizations, and investing in initiatives that enhance the economic and social well-being of our communities. Some of the ways we contribute include:
- Sponsorships and community involvement – As a firm, we are dedicated to supporting the community by sponsoring and participating in a variety of events, from business networking functions to charitable fundraisers to local sports teams. Additionally, we encourage and support our team members in giving back through volunteerism, fostering a culture of community engagement.
- Hosting free educational presentations – We believe that financial literacy is a key component of long-term success. By hosting several presentations each year on topics such as business exit strategies, estate planning, and wealth management, we are equipping community members with the knowledge they need to make informed financial decisions.
- Partnering with local businesses – By choosing local businesses for our operational needs—from auditing to office cleaners to web hosting to event planning—we not only receive high-quality, personalized service but also contribute directly to the success of our fellow community members.
The Bigger Picture
A thriving local business community benefits everyone. When businesses support each other, they create a network of resilience, innovation, and shared success.
We encourage our clients, partners, and community members to think local in their financial decisions, business partnerships, and everyday purchases. Together, we can make a lasting impact and ensure our communities remain strong.
Our Team at Alitis
Our dedicated team at Alitis has over 250 years of collective industry experience. But what makes us unique is the high level of integrity that every team member brings to the table.
Along with experience and integrity, each team member at Alitis shares the same commitment to our clients. At the end of the day, we measure our success based on the success of you reaching your financial goals.
If you’re interested in investing with Alitis, let’s have a conversation:
Disclaimers and Disclosures
- The Economic Impact of Local Businesses: A Study on the Local Recirculation of Revenue by BC Retailers and Restaurants, LOCO BC, Dec. 2019, media-doppleronline-ca.s3-accelerate.amazonaws.com/2021/03/Economic-impact-of-local-business-BC.pdf.
