I’m in the $MOB are you?

Thanks to Mikkey Halsted and Rico Nance for being helpful and taking time out of their busy schedules!

Ya’ll have heard me talk so much about buying local and buying independent! NOW ITS TIME TO JOIN THE MOB! The $Mob that is… Check us out! Visit http://www.cash-mob.org for more information!

One reason why: If half the employed population spent $25 each month in locally owned independent businesses, it would generate more than $21.3 billion in revenue. MORE TO BUSINESSES & SCHOOLS!

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Why Buy Local?

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?

dollar-bilss-in-a-hole-money-going-down-the-tubeA 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.

Screen Shot 2013-08-25 at 12.15.47 PMThe 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

So Go Buy local and Carry On! keep-calm-and-buy-local-26

Here are some resources that can help! #SupportSCIL #BuyLocal #AshleyBuysLocal