Money Spent in Local Businesses Works For You

Every dollar spent in a locally owned store generates up to four times more money for the local economy compared to when spent nationally.

By Amanda Converse | December 12, 2010

Where people choose to spend their money during one of the busiest shopping seasons of the year, the time between Thanksgiving and Christmas, has increasingly become a local and national focus. 

The 3/50 Project is a national movement asking consumers to commit to picking three locally owned businesses and spending $50 in each once a month. It, along with American Express, organized and promoted Small Business Saturdays during the holiday season, encouraging people to shop at locally owned businesses. 

Jen Villa, owner of the Little Beach Gallery in Hyannis, participated in Small Business Saturday and said she is "pleasantly surprised by the movement trending locally and nationally. [It] is evolving from buzzword to something people are feeling strongly about."