|Antwerp Chamber urges residents to support local businesses Oct. 26|
|Wednesday, October 23, 2013 4:59 PM|
ANTWERP – On Saturday, Oct. 26, the Antwerp Chamber of Commerce would like everyone to join them in support of our local businesses.
This 3/50 Project event has been created to keep local dollars local.
“There are many items that we buy at big box stores, that we can buy right here in Antwerp,” said Michelle Dooley, chamber president. “On Oct. 26, you have the opportunity to discover what you can get here in town rather than a chain store elsewhere.”
The idea is simple. The 3/50 Project asks residents to think of three businesses that they would not want Antwerp to be without, to target for their spending, then spend $50 per month in those stores.
Even if a special day is not set aside, residents can make a habit of this monthly. Regardless of the economic climate, it is important to know that money spent at local businesses is more likely to stay in the area.
Wondering how much this impacts our local economy? By spending $50 a month spread out over at least three different stores, for every $1 spent in an independent business, 68 cents returns to the community through taxes, payroll and other expenditures. Even at a national chain, 43 cents stays in the local community.
Unfortunately, online purchases return nothing locally.
The Antwerp Chamber asks everyone to support the businesses that support the community on Saturday, Oct. 26.
For more information on the 3/50 project, visit the website www.the350project.net/home.html.
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