MoneyMix
blogs archives cu careers
earning spending borrowing investing driving housing insuring
mymoneymix

Privacy

About Us

Contact Us

Copyright © 2007-2009 Credit Union National Association Inc.

NCUA Equal Housing Lender
We Spend Too Much 10 Ways to Spend Smarter Turn a Little Money into A Lot of Money Paying off Credit Cards Save & Spend In Tough Economic Times Certificates of Deposit (CDs)
Log into My MoneyMix

Spending

 

By Cody Westerlund
Daily Illini, U. Illinois

(UWire)--The "Save Jobs. Shop Local. Spend Now." campaign, which encourages residents to spend their money at locally owned business rather than the many larger corporations and chain stores in the area, has gotten positive feedback in its early months.



 Check out "Save & Spend in Tough Economic Times" and, "10 Ways to Spend Smarter" here on MoneyMix

 Top 10 reasons to shop locally

 Find local, independent businesses in your area 

"The community has been very responsive," said Laura Weis, president and CEO of the Champaign County Chamber of Commerce. "We've had a lot of businesses that have adopted the campaign as part of their own marketing (plan)."

Even with that response, though, Weis said that no one can know for certain how successful the campaign has been until sales tax revenue reports are received for the months in which the campaign has been implemented. With the campaign beginning in late February and those reports from the state typically running three months behind, Weis said she expects it to be at least another month before anyone has numbers to back up anecdotal evidence.

 "We could do a comparison to where it was last year," Weis said of evaluating 2008 months against 2009 months. "It's not going to be an exact science, but that would give us some indication as the campaign progressed, did we see any sort of bump in the sales tax?"

The "Save Jobs. Shop Local. Spend Now." campaign was an initiative of the Champaign County Chamber of Commerce, but is also in conjunction with the Champaign Downtown Association, the Urbana Business Association, the Mahomet Chamber of Commerce and the Rantoul Chamber of Commerce.

The goal of the campaign is to strengthen the local economy through an increased cash flow, thus keeping more money in the community, which in turn helps save jobs, she said.The goal of the campaign is to strengthen the local economy through an increased cash flow, thus keeping more money in the community, which in turn helps save jobs.

Mary Dennis, executive director of the Champaign Downtown Association, said she has been pleased with the progress and local participation in the campaign thus far.

"Every business in downtown Champaign is a locally owned business, so this is a cause that is close to our hearts," Dennis said. "A lot of different local businesses have been using the slogan."

Local businesses are referring to the campaign in their advertising, adopting the campaign logo and some are also offering sales to draw customers. One such active business in Champaign is Jos. Kuhn & Co., a men's clothing store at 33 E. Main St. that has offered 10 percent sales through the campaign program.

Store general manager Gordon Tracey said he has seen an increase in consumers since the campaign started. Along with the campaign, he credits the February closing of Pages for All Ages, a bookstore in Savoy, as opening the community's eyes in regards to local businesses.

1
       
Recipient’s e-mail address
Your e-mail address
   
 
Add your comment
 
Stephanie
07/08/2009

Arizona Central created the site in response to the economic downturn. The credit union wants to part of the state's economic solution, but to do this, we need to work together as a community!

JJ
07/07/2009

Hi Stephanie! Thanks for sharing your credit union's site. What made you folks decide to create it?

Stephanie
07/06/2009

Arizona Central CU's microsite, www.getAZmoving.org, features an article about the benefits of buying local. Check it out! http://www.getazmoving.org/2009/06/help-support-arizona’s-economy-buy-local/


You must be logged in to post comments.