HOTEDD Board of Directors, April 2011

HOTEDD Board of Directors, April 2011

What is the Heart of Texas Economic Development District?

HOTEDD delivers information, collaboration, coordination, and training among economic developers, communities, businesses, and individuals in our service area: Bosque, Falls, Freestone, Hill, Limestone, and McLennan Counties. The Honorable Justin Lewis chairs our Board; our President is Russell Devorsky.







Thursday, December 2, 2010

The 3/50 Project

Good afternoon! The following information is from the Agurban's Boomtown USA.

"We received a great email this week from Frankie Gilliam, CEcD and Community and Economic Development Specialist at ASU Delta Center for Economic Development in Jonesboro, Arkansas, introducing us to Cinda Baxter and the 3/50 Project movement. Below are the key points of The 3/50 Project, as outlined on their home page.
3 - What three independently owned businesses would you miss if they disappeared? Stop in. Say hello. Pick up something that brings a smile. Your purchases are what keeps those businesses around.
50 - If half the employed population spent $50 each month in locally owned businesses, it would generate more than $42.6 billion in revenue. Imagine the positive impact if ¾ of the employed population did that.
68 - For every $100 spent in locally owned independent stores, $68 returns to the community through taxes, payroll, and other expenditures. If you spend that in a national chain, only $43 stays local. Spend it online and nothing comes home.
1 - The number of people it takes to start the trend - you!"