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Monday, June 07, 2010

The 3/50 Project

I found a flyer in a local store this week for the 3/50 project.  I love it!  It’s a plan to save the local economy – three stores at a time. 
Here’s how it works:
Think about 3 local businesses (not the big box branches – real local businesses) that you would really miss if they closed up shop.  Stop into those businesses and just say “hello”.  Make a small purchase (just a token). 
Remember that if half of us in the US spent a mere $50 a month in a local business, we would generat $42.6 billion in revenue (that was billion with a “B”) Holy mackerel!
Then take note:  for every $100 spent in a local business, $68 returns to the community through taxes, employees wages, and other local spending by that business.  On the other hand --- when you spend $100 at a big box chain, only about $43 stays in the local economy.  Big difference!
So --- to participate in the 3/50 project:
Pick your 3 local businesses
Spend $50 (or whatever you can manage in your budget)
Save your local economy. 
In other words;  don’t complain about Walmart if you’re not doing something about it.