#305. The 3/50 ProjectPosted on
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!