Saturday, November 27, 2010

Think Big, Shop Small

Happy “Small Business Saturday” to all our American friends. It’s so designated because, after the rush and crush of Black Friday, everyone is being encouraged today to shop with their local small businesses.

Perhaps you will find some gem that isn't advertised on TV, or discover a capacity for personal service that you didn't know existed any more. At any rate, the intention is that more of the money you spend will be retained and reinvested in your local community.

According to the statistics on http://www.localfirst.com/, when you shop at a locally owned business, $73 of every $100 spent stays in the community. Apparently, when you shop at the big chains, only $43 of every $100 you spend stays in town to fund jobs and public services.

You can learn more about Small Business Saturday at http://www.facebook.com/SmallBusinessSaturday

Sponsor American Express celebrated the occasion by awarding free Facebook advertising to 10,000 small businesses as part of Small Business Saturday. So I guess big business has its uses too.

The Architectural Conservancy of Ontario points out that the federally established Heritage Canada Foundation used to have a Main Street Promotion program with similar aims. According to the ACO, “it is time to bring it back.”

1 comment:

Douglas Adams said...

"when you shop at a locally owned business, $73 of every $100 spent stays in the community. Apparently, when you shop at the big chains, only $43 of every $100 you spend stays in town to fund jobs and public services."

I will have to pass this information on.