#MyMoneyStaysLocal with Eric Groves

Eric Groves, CEO of Alignable, talks to Rieva and Brian about #MyMoneyStays Local, his new initiative to help local business owners secure more dollars being spent by the residents of their towns and cities.

Six Ways to Save Local Small Businesses From Eric:

• We all want local businesses to reopen and recover, but we need to recognize a sustained recovery. We must keep community members healthy and safe, and that includes business owners and their employees.
• Let’s rebuild our economy slowly and methodically to get back to the point where creative entrepreneurs that drive the vast majority of new hiring in this country can get back to work, build up their businesses and get their employees back on staff.
• A hundred dollars spent at a local business results in a, roughly $60 to $70 staying in the community and recirculating through other local businesses.
• If we want our communities to recover and to return to some semblance of normalcy, we must shift how we spend our money back to spending it within our local communities. That’s how we started the #MyMoneyStaysLocal movement.
• Where we spend our money can directly impact the quality of life where we live. If we want to live in great, prosperous communities, we need to support them with our wallets.
• When you go to a local, small business, take a picture in there (with your mask on) with the business owner. Then, share it on social media and be sure to use the hashtag #MyMoneyStaysLocal.