Perhaps you've heard about this already. I hope you have but since we're on the tail end of my Christmas in July series it seemed fitting to discuss the issue again.
Here are the actual facts and not just the anecdotal information or math that I pulled out of my head. Details are from the flyer created by Cinda Baxter of the 3/50 Project:
3: What 3 independently owned businesses would you miss if they did not exist? Stop in. Say hello. Pick something up that brings you a smile. Your purchases are what keeps these businesss around.
50: If half the employed population spent $50 each month in locally owned businesses it would generate $42.6Billion in revenue. Imagine the positive impact if 3/4 of the population did that!
68: For every $100 spent in locally owned independent businesses $68 returns to the community in taxes, payroll, and other expenditures. If you spend that in a national chain only $43 stays here. If you spend that online, nothing stays here.
1: The number of people that it takes to start a trend.
FAQs
This is something near and dear to my heart because we live in a pedestrian shopping neighborhood and each month we are seeing stores go empty. Some have only been here for a while. Some have been here much longer. I hope and pray that our neighbor-stores will be able to weather this economic downturn and I know that as tight as things are for us, personally, when we have the option to go out for treats we choose to spend our money here in the neighborhood so that our money stays here and helps.
This is not all that different than when we choose to be frugal. I am advocating that when you spend your money you continue to make good choices. It's definitely a Cool Idea and with a little time and attention on our part it will help our friends a great deal. And if we don't take this time now, these stores won't be around in the future. That's all I'm saying.
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