The
Mount Prospect Chamber of Commerce supports the 3/50 Project, a plan
that encourages residents to shop at three local brick-and-mortar businesses
that they would like to see stay in the community. The program allows
for residents to spend a total of $50 per month at three independently
owned stores, and the revenue would return to local businesses and the
community through taxes and salaries.
This
plan rests on the idea that if just half the employed population spends
$50 each month in locally owned businesses, this action would create
more than $42.6 billion in revenue. For every $100 spent in locally
owned independent stores, $68 returns to the community through taxes,
payroll and other expenditures. In contrast, for national chains, only
$43 remains in the community. Thousands of businesses nationwide have
joined the 3/50 Project, which was created by Cinda Baxter, a small
business expert from Minneapolis, in March.
The
project’s mission coincides with the Chamber’s “Shop Local”
campaign, which supports retail in local stores. Find local stores on
the Chamber’s website under “Shop Mount Prospect.”
The
Mount Prospect Chamber of Commerce seeks to promote, support and enrich
the local business community through the delivery of quality services,
effective communication and through the establishment of partnerships
with individuals, community organizations, fellow chamber members and
governmental bodies.
For
more information about Mount Prospect Chamber of Commerce, call (847)
398-6616 or visit
www.mountprospectchamber.org
. For more information about the 3/50 Project,
please visit its website at http://www.the350project.net/register.html.