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Why Cash Mob?

Cash Mobber December 12, 2011 Blog Ben Bernanke, cash mob, jobs, Tim Kane

Small business matters. Without locally owned independent business most communities wouldn’t survive. Cash Mobs are one powerful tool in a community-focused strategy to shine a light one one local business. A Cash Mob event at one local business will make other local businesses want to get involved. When a Cash Mob is produced well it will garner local media coverage. local resident interest in the cash mob process and in featured local businesses.

Why does small business matter to a community?

Small business supports community activities both directly and indirectly through sponsorship’s, donations and hiring local residents.

“Small businesses are central to creating jobs in our economy; they employ roughly one half of all Americans and account for about 60 percent of gross job creation, newer small businesses, those less than two years old, are especially important: Over the past 20 years, these start-up enterprises accounted for roughly one quarter of gross job creation even though they employed less than 10 percent of the workforce.” – Ben Bernanke

“Start-ups are responsible for all net job growth in the U.S. economy. During years of recession, net job losses grow at existing firms—those a year and older—while job creation at start-ups stays stable. Start-ups create an average of 3 million new jobs annually, all other ages of firms, including companies in their first full years of existence up to firms established two centuries ago, are net job destroyers, losing 1 million jobs net combined per year.” – Tim Kane, senior fellow at the Kauffman Foundation

If you care about your community help organize a Cash Mob. Support your local business s and shopkeepers and they’ll return the favor.

Congratulations San Diego!!! Why Shop Local?

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The Cash Mob concept is a strategic match for a Credit Union regardless of whether they offer business accounts.  Using little, if any, monetary resources to get started, Cash Mobs may become the next fad for pro-local individuals to participate on a grass roots level. “The basic foundation of Credit Unions were as grass roots institutions […]

About Cash Mobs

A cash mob is a community event that people use as a way to join together and support local businesses.

Cash Mobs encourage members of a community to make a change and help support a local business. Learn More

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