The money mob [M($)B] is a group of conscious business minded individuals who make a conscious effort to improve our local economy by supporting small independently owned businesses. Once a month we get together at a different business, support the business by spending $10 or more. During that time we may have vendors, a discussion about a economic topic or another business minded event. Before the actual mob we put together a video introducing the next location and the owner. For more info you can visit http://www.moneymob.org. The next M($)B is Feb 26th at 5pm at H-Dogs Chicago in the Bronzeville Neighborhood! (My Hood) and it’s the day after my birthday! SO hey now! Come celebrate with me!
This past week I was able to do some dot connecting. Build it! Bronzeville came out to speak with seniors at Wendell Phillips High school in Bronzeville and let the students try out a prototype of their new mobile app.
This gist of the game and the conversation was ” What would you like in your community?”
You would think that this conversation would be simple. Contrary to this, it was eye opening. The opens were safety, business, or visual art building.
At first the seniors wanted things like McDonald’s or to rebuild the BaBa’s that burned down. They simply wanted to add convenience to their lives and continue.
Then there were idea such as:
1. Adding a safety building across the street from the school because to many students hang out across the street in a vacant lot abd trouble can happen there.
2. Putting up dance studio as there are no places for lessons
3. Building a hospital
There were also a few moments that created further conversation…
1. The idea of adding a chipotle to the neighborhood rather than the Babas was brought up. At first it wasn’t looked at as favorable until we began comparing the businesses. Most of the students hadn’t been to a Chipotle they just knew it was downtown and I’ve said it was probably expensive especially for just some lettuce. Then ) sheet agreeing a trip to chipotle in Hyde park may be in order) we discussed the importance of what you eat and how a restaurant without bullet proof glad would be nice for the community.
2. Then one of the students brought up the idea for a community center and the fact of a lack of activities for teenagers in their communities.
In this short period of time you could tell the conversation was increasing abs the students were beginning to think outside if the box if what could the community be and what is it missing.
Of course we tabled the conversation but I cannot wait to start it again and see just what they are thinking!
finished! It will be a great way to find out what the community needs abs where we spend our money outside of the community.
Yesterday I started my one week (maybe longer) challenge to buy from Small, Community, and Local businesses (SCIL). This challenge is meant to look closely at the money I spend and how much I let leave my community. As a community we spend nearly $1 trillion and how much of that comes back into our community?
A study on the Chicago area completed in 2005 by Civic Economics, an economic analysis firm, found that for every $100 in consumer spending with a local business, $68 remains in the Chicago economy — and for every $100 spent at a chain, $43 remains in the Chicago economy.
If we were all to spend majority of our money our community the result would be huge! Have you heard of the multiplier effect? Well:
The multiplier effect is the boost to your local economy that results from locally-owned independent businesses, owners, and employees spending business revenue within the region. Typically, local independent businesses recirculate a much greater percentage of sales locally compared to absentee-owned businesses (or most locally-owned franchises).
This is not a new idea either… There are campaigns set in place to help you do just this… So after my one week challenge I am committing to the 3/50 project.
The 3/50 project is a national campaign to support local business. It states that if half the employed population spent $50 each month in locally-owned stores, it would generate over $42.6 billion in revenue. 3/50 encourages people to choose three local businesses they couldn’t live without, then spend $50 at each one monthly. Not hard right?
So take a week and look at where you spend your money then; after a week pick three businesses independently owned in the community that you would miss if they disappeared and support them monthly with $50.
According to Susan Witt, Executive Director of the E.F. Schumacher Society, “buy local” campaigns serve another function: alerting a community about gaps in the local market. For instance, if consumers keep turning to on-line or big-box stores for a particular product—say, socks—this signals an opportunity for someone local to make and sell socks.
Read more: http://www.time.com/time/business/article/0,8599,1903632,00.html#ixzz2d0EqAKkl
Here are some resources that can help! #SupportSCIL #BuyLocal #AshleyBuysLocal