Have you heard of the 3/50 Project? It’s basically a grass roots attempt to save local businesses from getting pushed into extinction by national chain stores. You are supposed to ask yourself, “what THREE independently owned businesses would you miss if they disappeared?” Then, it gives the statistic that if just 1/2 of the employed population would spend $50 each month at a locally owned business, it would “generate more than $42.6 billion in revenue.”
The general idea is that if you spent $50 a month at 3 separate local businesses, you would create a pretty significant impact. Here’s the statistics they throw out: “For every $100 spent in independent stores, $68 of it returns to the community through taxes, payroll, and other expenditures.” Compare that to only $43 at a national chain store.
So, if the new year has got you thinking about how to have a more meaningful impact with your spending, you may want to give the 3/50 project a try.
Here’s to a year of more mindful living,
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