How To Turn Around A Slow Economy
Howdy, friends. I was sent some really cool info that I wanted share with the class. It's called the 3/50 project, and I'll summarize here with complete details at www.the350project.net.
What three independently-owned businesses would you miss if they disappeared? Think about your local dry cleaner or neighborhood coffeeshop/restaurant, pet food store, bakery, music store, ice cream parlor, plumber, printer, etc. Stop in. Say hello. Pick up something that brings a smile. Your purchases are what keeps those businesses around.
If half the working population spent $50 each month in locally-owned businesses it would generate more than $42.6 billion in revenue. Imagine the positive impact if 3/4 of the working population did that.
For every $100 spent in locally-owned businesses, $68 returns to the community through taxes, payroll, and other expenditures. If you spend that in a national chain, only $43 stays here. Spend it online and nothing comes home.
The number of people it takes to start the trend is one ... you.
Pick 3. Spend 50. Save your local economy.
This is some great food for thought, and I am inspired by this challenge. We live in a uber-cool neighborhood with lots of locally-owned businesses, many of whom have become fast friends who know our "usual" when we walk in the door. We know their kids, we know their story, and we love their product with is better than their national competitor anyway.
Here's a real-life example from our world: I love coffee. I really love good coffee. When I'm in Nashville, I always choose our local coffeeshops over a national coffee chain. First, I like the locally-roasted small batch coffee better, but also because I enjoy supporting small businesses. While traveling and in want of a quick coffee fix, that's when I'll grab some joe a national chain like Starbucks or Joe Muggs or Dunkin Donuts or similar. Even then, I'll wish I had a bit more time seek out the local roaster.
So, how does this 3/50 Project idea resonate with you? I'd love hear your thoughts and comments. Maybe try it for a few days and share your experience? Cheers to you. ~gregory ![]()






































