Monday, November 30, 2009

The 3/50 Project

My niece in Wake Forrest, NC is soon opening a new business. On her facebook page, she referenced the 3/50 project. What she said sounded interesting, so I looked it up.

What three locally owned business would you miss if they were gone?

The key is LOCALLY owned. The project has statisticts about what dollar amounts remain in a community from purchases at a national (or even multi-state) chain as opposed to a fully local business.

They then encourage you to spend $50 per month at the LOCAL enterprises.

More figures follow as to the dollars that remain in the community.

The web site also has flyers for the local businesses to use to promote the concept.

I spent over $50 today at a local business. My gym is local, and my membership each month is $40. Of course, the Country Club is locally owned. We pay our monthly dues, and probably more than $50 a month on food and beverages (small club, no resturant, no food minimum)

But I suggest that you google "the 3/50 project" It could be the start of something very, very good in your community.

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