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  • Save your local economy

    Posted on November 18th, 2009 admin 38 comments

    Banner removed at request of Cindy Baxter. Hank

    For every $100 spent in locally owned independent stores, $68 returns to the community through taxes, payroll and other expenditures.  If you spend that on a national chain, only $43 stays hereIf you spend it online, nothing comes home.”  Cinda Baxter, founder of the 3/50 project.:  http://the350project.net/home.html

    Founded in March of this year in response to declining small business revenue, the 3/50 project has quickly taken off in the US as a way to spread the message to shop and save your local businesses.  Independently picowned businesses all across the country have eagerly joined Cinda’s website which asks simply “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”.

    Will the national campaign help these businesses survive this holiday season?  Our own Purdue Prof. Richard Feinberg was quoted in newspapers last weekend saying “for some small retailers in town, this will be the last Christmas for them”.  This holds true for all small businesses, in all towns across the US.

    Here’s how it works:  The 3/50 project asks only that we spend a total of $50 a month in independently owned businesses to save those businesses and help our local economy.  There’s something in it for all of us; independent businesses account for nearly 50% of all employment in the US.  They pay more dollars in local taxes which directly affect our lives and help our local economy.  Do we have a responsibility to help keep local independently owned businesses in business? If we don’t, what will the long term effects be on our economy, our local shopping districts, our merchandise selection?  To find unique merchandise, will our future include shop windows for us to browse at Christmas-time, or only computer screens?  Does it really matter to the consumer or only to the independent business owner? BbB

     

    38 responses to “Save your local economy”

    1. Zacheriah Ruggles

      Helping small businesses will definately boost the economy. Then when those companies start to do really well, it will help to boost the confidence of other companies and even consumers on their view of the depression-like times we are having.

    2. I wouldnt mind buying from a local business if the price was even close to what I find items online for. I hate paying shipping and I also hate waiting for it to show up.

    3. I like the idea! No we do not necessarily hold the responsibility to help keep independently owned businesses in business but I think we all owe it to our economy. I do no think that it is black or white to who this is truly benefiting. It benefits small business owners obviously but usually people flock to small business because of their more unique products and easy location. It would save buyers time and could potentially create more happiness with their product. Consumers could actually find themselves happier with their products when they decide to start shopping around smaller businesses. My whole theory is why not give a it a try? If it helps our economy in the long-run its going to help everyone. Individuals may be surprised with how much they like the more personal relationship with smaller businesses.

    4. Allison Weilbaker

      I’ve always wondered about the actual difference between shopping at local vs. chain stores. I do have to say that I online shop not only is it convenient but it offers more choices. I just hate the constant searching through stores. I guess I’ll give it a shot now.

    5. As long as local businesses are offering what I want at a reasonable price, I would definitely shop there over places like Wal-Mart.

    6. Of course this will help the local econonomy. It’s just hard to beat the convenience of the internet.

    7. I am all for this I go out of my way not to support places like Wal-Mart.

    8. Or maybe it’s time for the government to come up with regulations to tax on online shopping, and let money spent online be beneficial to the community as well.

    9. I like the idea, but when it comes down to convenience, many people choose the big stores because they are open longer and are usually cheaper. Hopefully this website will help preserve small businesses, but I honestly feel like it will only have a small and temporary impact.

    10. I totally agree, helping small businesses are key and defiantly help the economy. It bring me back memories to my hatred for “big fish” companies like Wal-Mart. The practices of smaller companies seem to bring a community closer together and boost other communities to start thier own business as well.

    11. I think this is a very smart idea. It is tough for smaller businesses to make it big as they must compete with monstrous chain stores.

    12. This is a really great idea! My grandparents live in a small town in KY really close to Dale Hollow Lake (Burkesville) and the small businesses there are really suffering. About four years ago, every shop in their circle was open to a small business; however, now that is not the case. I’d say I have noticed about four of them close and no one open it back up even for another shop! They have not let any large corporations like Walmart or McDonalds come into their town, but it’s the businesses opening in Dale Hollow and even a town an hour away that is taking the business with them. It’s so crazy!

    13. This is a fabulous idea. I completely support small businesses whenever I can. I think if word spreads about this idea then more people will become aware of it and support it. It could have a big impact on the economy. The key is to get enough people to participate.

    14. Well i think this project is a GREAT idea, only it seems to be to late for all the businesses that have already gone down. However, it seems to be a shining light for those that are hanging in there. I’m definently going to do my part to help the businesses in las vegas over the holiday season.

      –katelyne–

    15. Imagine how much impact and how much $$ this would have saved us, if the gov. supported such an idea and ran an extensive TV campaign…this would have saved us hundreds of billions and gotten the money directly where it was needed =local independent businesses..Not in the hands of multimillion dollar firms that are cutting jobs

    16. Christina Jacobs

      Sounds great! I’m in

    17. This sounds like a really good cause and I will definitely try and keep small businesses in mind this holiday season. But it’s just hard to do it all the time. Small businesses can’t offer some of the things that larger chains can.

    18. I agree everyone needs to support small businesses. After all, they contribute a ton to the community.

    19. I would prefer buying from a locally owned company over the internet or the big chains. If the price is even comprable I would buy from the local company.

    20. This is a great way to circulate and virtually create money in the economy at various levels. This will increase the velocity of money and surely help save the economy of the country. I am totally in support of the project.

    21. What’s in it for the customers? I understand what the motive is. It is a neat idea to keep the smaller businesses in running. In my home town I have noticed that quite a few of the business I’ve grown up with are no longer around. It upsets me, but doesn’t surprise me with the recession. I get that the 350 plan will help keep smaller businesses running, which is an encentive for participation. But, I feel like the customer should get something directly out of it, like a $20 gift certificate or something. Then again, that would defeat the purpose I guess. Smart idea, I’m curious to see if it really makes a difference.

    22. Sree Harsha Uddandam

      It sounds good to me as it is an effective way of helping the small business. The number 1600 business that have signed up is an impressive number. As ling as there is money flow in the economy people wouldn’t take a step back to put their small business.

    23. This sounds amazing, really cool

    24. This sounds great. Before many big business become big, they were all small business afterall.

    25. Andrew Rodriguez

      100 years ago, the small business was a staple in our culture. Since then, large corporations have moved in and taken over, which I am all for because the enhance efficiency and I believe the business world should be structured as “Survival of the Fittest.” But those small business that are strong enough to remain intact and thriving are great and I support them completely.

    26. I think it’s definitely a worthy cause to help save your local businesses. It is so much more enjoyable walking around a down town peeking into little mom and pops shops then it is to sit behind a computer screen and order. I think the main issue that people have is price. Especially these days, people are looking to save as much money as they can. Unfortunately, online nearly always has the cheapest prices and large chains are second. The little shops are the places that are expensive and most people don’t see a purpose for them to spend more money, in some cases significantly more, just to shop locally. It’s a tough problem.

    27. I think this is a great idea. Giving such a small tangible goal of $50 a month allows people to really accomplish something and feel as if they are helping their community. I really enjoy Cinda Baxter’s idea.

    28. Not only is the internet more convenient, in most cases it is also cheaper. Especially when a lot of online stores are promoting free shipping. I’d much rather order online mainly for convenience, but also because I hate shopping.

    29. Theresa Reinhart

      I know of alot of small companies in my small hometown that went out of business due to our Super Walmart that was built. What stinks is that the locals were still going to the small shops to buy their nick-nacks, but it was the out-of-towners from nearby small towns that would come in, due their grocery shopping then leave.

    30. I think this is a great program. Too often small local businesses get driven out of business by large chains because they can’t compete on price the way the large companies can. This program should provide a nice boost to many local economies.

    31. I love shopping at small businesses. They always have a lot of unique items you can’t necessarily find at large chain stores.

    32. This is a good idea for unique gifts especially for the holiday season, but I still have a feeling most ppl will do their shopping where it’s most convienient for them at Malls and Department/Chain stores…Good idea though…

    33. This is really news to me, I never knew half of the facts that were just listed in that article. That truly amazes me and now I will try to help out more independent stores because of it.

    34. I never realized the consequence when I chose somewhere to shop. I can’t believe this may even help the economy. This is a great idea to help the small business.

    35. I’m up in the air about this plan. I kinda like it but I also don’t know if it will work out in the long run. I mean I don’t like to see people loose there jobs and businesses but I am also greedy and self-interested like most humans. If I can get the same goods at a competitor for cheaper then I would probably do that. It is the rational decision and I am a rational guy.

    36. This is a fantastic idea. I think not Ms.Baxter should be the one introducing the 3/50 project to the world. The government should be interested in small companies since many are being enveloped to big corporations or they are being bankrupt due to depression. In Japan, the reason the well known corporate companies are successful is because they have connections, chains of small individual companies they support financially. They think of themselves brothers and family. They do similar things and get help with each other. Eventually this kind of meathod to save the small company is very necessary.

    37. Quentin Campbell

      This is not a bad way to support our economy. But the big question is can they supply the product or the quality that bigger companies can give to me.

    38. The motive behind the 3/50 project is a good one. However, it is unfortunate that most people need to be forced by the government to come together and benefit society monetarily. But for those consumers who do care, this will work. However, I think most people are already annoyed that so much of their money is already going to taxes for other reasons to “benefit society.” Also, others would rather spend their $50 on a charity that isn’t just to benefit the middle class.

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