Tuesday, November 16, 2010

The 3/50 Project

I received this in an email today. I saw if first several months ago and find it as interesting today as I did the first time around. We are defined by the choices we make and every purchase is a choice. We can support our local businesses and they will thrive, we can ignore them and they will disappear. Please take a moment and read the info below. If you are intersted, get in touch and lets discuss how we can make a difference with and for locally owned businesses:

The 3/50 Project

We received a great email this week from Frankie Gilliam, CEcD and Community and Economic Development Specialist at ASU Delta Center for Economic Development in Jonesboro, Arkansas, introducing us to Cinda Baxter and the 3/50 Project movement. Below are the key points of The 3/50 Project, as outlined on their home page.

3 - What three independently owned businesses would you miss if they disappeared? Stop in. Say hello. Pick up something that brings a smile. Your purchases are what keeps those businesses around.

50 - If half the employed population spent $50 each month in locally owned businesses, it would generate more than $42.6 billion in revenue. Imagine the positive impact if ¾ of the employed population did that.

68 - For every $100 spent in locally owned independent stores, $68 returns to the community through taxes, payroll, and other expenditures. If you spend that in a national chain, only $43 stays local. Spend it online and nothing comes home.

1 - The number of people it takes to start the trend - you!



As you know, we have been long time proponents of supporting your local businesses. What a great idea that Cinda has put together! I encourage each of you to Pick 3 and Spend 50, to Save your local economy. Thank you, Frankie, for bringing this to our attention!

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