Collin College Farmersille Fall

Small business Saturday encourages shopping local

by | Nov 25, 2016 | Latest

Though Black Friday gets much of the attention where post-Thanksgiving shopping is concerned, Small Business Saturday provides local merchants and customers the opportunity to get customized gifts while keeping tax dollars at home.

This year’s event will be held Saturday, Nov. 26 throughout the United States.

The day was originally launched by American Express in 2010 and has continued since that time.

This year American Express is enticing card-holders to “shop small” by offering $25.

With the average American anticipated to spend $704 on Christmas gifts this year, American Express CEO Ken Chenault has offered his opinion that he would prefer if the majority of that money was used towards purchases in local businesses.

Small businesses, according to Forbes.com, accounts for half of all private sector jobs and have created 65 percent of all new jobs over the past 17 years.

Since 2010, according to consumeraffairs.com Small Business Saturday efforts have:

• 1.5 million Facebook users + 130 public and private organizations + 41 elected officials joined in on the support base

• 100,000 small businesses that downloaded marketing materials

• free Facebook advertising that day that featured 10,000 businesses signing up

• 200,000 consumers registered their AmEx cards to receive $25 statement credits for shopping

• 28 percent increase in sales from merchants compared to the Saturday after Thanksgiving in 2009

Not only does supporting local businesses feel good but according to small business advocacy group The 3/50 Project with every $100 that is spent at a local retailer, $68 will return to the community through taxes and payroll.

For cities such as Farmersville, this is a huge return on investment offering additional tax monies to both the Community Development Corporation and the Economic Development Corporation.

By Wyndi Veigel • News Editor • [email protected]

SFOT 2024

0 Comments

Related News

Domestic Violence Awareness highlighted

Domestic Violence Awareness highlighted

October is Domestic Violence Awareness Month. In recognition of Domestic Violence Awareness Month, several nonprofit organizations are coming together to host an event aimed at raising awareness and providing education on intimate partner violence. The event, titled...

read more
Veterans can take flight with DFW nonprofit

Veterans can take flight with DFW nonprofit

Veterans visit several memorials on Honor Flights to Washington, D.C. including the gravesite of World War II veteran Audie Murphy. Courtesy photo Judy Heaps respects the service performed by our military veterans. Her respect, indeed, has placed her on numerous Honor...

read more
Water district budget up 10.3%

Water district budget up 10.3%

The North Texas Municipal Water District (NTMWD) is coping with a flood of new residents into its 2,200 square-mile service area. With 55,500 people moving into the region each year, the district has adopted an FY2025 budget that will invest about $1.1 billion as part...

read more
Wylie woman wins Welsh pony show

Wylie woman wins Welsh pony show

Beth Miranda of Wylie and Scarborough Tigger, her 20-year-old palomino Section A Welsh Pony, won Supreme Champion in carriage driving events Thursday, Sept. 26, at the Welsh Pony and Cob Society’s American National Show in Chickasha, Oklahoma. Twenty years of training...

read more
Sheriff gives law enforcement update to Rotarians

Sheriff gives law enforcement update to Rotarians

Collin County Sheriff Skinner discusses jail expansion at a recent Farmersville Rotary meeting. Collin County is in the middle of a fight to the death over drugs and Sheriff Jim Skinner said he is not going to depend on the federal government to assist in that fight....

read more
School accountability grades still blocked

School accountability grades still blocked

An Austin judge has continued the court order blocking the Texas Education Agency (TEA) from releasing its A-F accountability ratings for public schools. Travis County Judge Daniella DeSeta Lyttle scheduled a trial in February on the suit filed by five independent...

read more
Local author launches second book

Local author launches second book

Amber Bynum celebrated the release of her second novel, “Never Till Now,” at 12 Stories Coffee in downtown Farmersville last month. Courtesy photo Indie author Amber Bynum never imagined that her love for small-town life and storytelling would lead to the creation of...

read more
Subscribe 300x250 - Love