This is the 634th most frequent Hebrew word.
המקומיות
"The local ones" or "the local [feminine plural]."
Here, 'המקומיות' is used as an adjective to describe the shops in the particular city, indicating they belong to the local area.
המפגש נערך באחת מהחנויות המקומיות בעיר.
The meeting was held in one of the local shops in the city.
'המקומיות' in this sentence refers to local women who are participating in the event.
המקומיות עסקו ברקמה מסורתית במהלך האירוע.
The locals were engaged in traditional embroidery during the event.
In this sentence, 'המקומיות' means 'the local (female)', referring to a group of women who are local within the context of the sentence.