Published: December 3, 2009
Filed at 9:16 p.m. ET
Richardson, who spoke at a restaurant in Albuquerque's Nob Hill shopping area, said that for every $100 spent locally, $68 stays in that community. That compares to $43 remaining in the community for every $100 spent in national chain stores, he said.
Because small- and medium-sized businesses are prevalent in New Mexico, shopping locally would help the state's budget shortfall, Richardson said.
''This is a way we can pump tax money, gross receipts funds, into our state and at the same time make a difference and help our local businesses,'' he said.
While Albuquerque, Santa Fe and cities around the country have asked shoppers to spend their dollars at local stores, New Mexico's ''$25 2 Main Street'' campaign makes it one of few states -- alongside Vermont and Utah -- to offer a statewide push, said Stacy Mitchell, a senior researcher at the Institute for Local Self-Reliance.