The most important shopping day of the year for the local economy – Small Business Saturday – is November 24!
Shopping and dining at locally owned businesses may not seem like such a big deal, but the economic impact is vitally important to the economic health of our city.
Visit our Small Business Saturday booth, 10am-1pm at Acacia Park and pick up:
- Downtown Holiday Coupon book, with offers from more than 80 Downtown shops, restaurants and salons
- Reusable canvas shopping tote bag
- Balloons and stickers
Why Shop Small
Here in Colorado Springs, sales tax makes up the largest source of revenue in the city’s General Fund – nearly 60 percent. That means when you shop locally, rather than online or in other cities, more revenue stays here, and that directly benefits our community. The economic impacts of supporting local businesses are compelling:
- Local business generates 70 percent more local economic activity per square foot than big-box retail.1
- Spending $100 at a local business generates $68 in local economic activity, compared to only $48 when that same $100 is spent at a big-box retailer.2
- Independent restaurants return twice as much per dollar of revenue to the local economy than chain restaurants.3
- Small businesses donate 250% more to nonprofits and community causes than larger businesses.4
One thing you can always count on when shopping local is a unique experience. Small business owners provide insight, friendly assistance and expertise, and often pricing is the same or even less than online. Plus, there are some things you just can’t do when you shop online:
- Smell the rich scents
- Sample flavors
- Feel the fabrics and try things on for size
Find a directory of Downtown shops and restaurants here.
Sources: 1 Andersonville Study of Retail Economics. 2 Civic Economics Study, Grand Rapids, Michigan. 3 American Independent Business Alliance. 4 Seattle Good Business Network.