the wedding industry
The wedding industry is a $40 Billion per year industry. That is twelve 0′s folks. Okay, I just want to make sure you heard me correctly…
$40,000,000,000.00 PER YEAR!
Do me a favor and hang on to this figure in your head… and let me give you some reference.
The 3/50 Project
When you spend locally, the money stays local. $68 of every $100 spent in locally owned independent stores stays in the community in the form of payroll, taxes, etc. When you shop at a nation chain, the retained value goes down to $43 and when you shop online $0 return to the community. You do the math. It pays to shop local.
connect the dots
Let’s throw around some numbers here.
- Say the average wedding costs $20,000. Say within the great city of Greensboro there are at least 2,000 couples that plan to be married this year.
- If these brides bought their goods at national chains, they would spend $40 Million, of which $17.2 Million would stay in the city of Greensboro.
- If these same brides used locally owned independent stores for their dress, cake, flowers, favors, invitations,etc. $25.2 Million that would stay in the city of Greensboro!
- That is a difference of $8 Million that would stay in your community, fixing your roads, employing your neighbors, bettering your schools and making your community a better place to live and shop.