the 3/50 project
May 13th, 2009 by jim winstead
3 – Pick three locally owned stores you’d miss if they disappeared, then return to them. Say hello. Pick up a little something that will make someone smile. Those purchases are what keeps those businesses around.
50 – If just half the employed US population committed to spending $50 in locally owned stores each month, it would generate more than $42.6 billion in revenue. Imagine what would happen if 3/4 of them did that.
68 – For every $100 spent in locally owned stores, $68 returns to the local economy through payroll taxes, property taxes, sales tax, payroll, and other business related expenditures. When purchasing from a chain or franchise, that amount drops to $43; if it’s spent online, nothing comes home.
1 – The number of people it takes to start the trend… you.
Pick 3. Spend 50. Save your local economy.