Cash Mob Targets Portsmouth Business this Saturday

The Cash Mob is coming to Portsmouth this Saturday.

Flash mobs have been occuring all over the country. Organizers typically use Facebook and Twitter to help promote surprise gatherings in public places, mainly to entertain people.

This holiday season, Corey Schmidt wants to do something similar in Portsmouth.  His group plans to be quite different from a flash mob.  There will no singing and dancing.  Just spending.  Instead of the flash, they'll use cash with the goal of helping one local business.

The Cash Mob is, well, a flash mob with dollar bills.  Plain and simple.  Here's how it works:  Individuals gather as a group and meet at a specific location.  Organizers want each individual to bring $20 to spend.  No one is limited to $20.

A business has been secretly selected in advanced and announced to the group.  The individuals with their money go inside the store and start spending.  Hopefully, this will be an economic windfall with lots of profits for one local business.

Schmidt heard about the idea from a group in Cleveland that started a Cash Mob just recently.  Similar groups are starting to happen all over the country.

Cash mobs target independent small businesses. It's an idea grew from "Small Business Saturday', where shoppers are encouraged to spend money at local stores the day after Black Friday.

After all, these are the businesses that are the heartbeat of our communities and local economies.  By supporting the small businesses in Portsmouth, here are four great benefits that we ALL receive:

OUR COMMUNTY:  For every $100 spent at local small businesses, $68 returns to the community. (Civic Economics)

EMPLOYMENT:  Small businesses employ half of all private sector employees. (Small Business Administration)

THE ECONOMY: Small businesses represent 99.7% of ALL employer firms. (Small Business Administration)

LOCAL JOBS:  For every year over the last decade, 60% to 80% of new jobs were generated by small businesses. (Small Business Administration)

Help preserve our unique, locally-owned businesses amd neighborly small town values by supporting your local merchants.  After all, they have made a significant investment in our community.

Want to Go...

When:  Saturday, December 17, 2011

Time:  4 p.m.

Where:  High Street, Olde Towne Portsmouth.  The group will meet at the corner of High Street and Washington Street.

The group, known as the "757 Ca$hMob” will gather on the sidewalk and then stroll along to one store  with to a store, bills in hand.

Click here to join the 757 Ca$hMob on Facebook

Would you care to make a 'Comment' or want to 'Reply'?   Click the 'Comment' button below.   If you're not registered, just e-mail me, at David.Cartier@ANewDayinOldeTowne.com.   I would be pleased to post your reply as a 'Comment' without using your name and e-address (your privacy will be maintained).

Thanks for reading and sharing...'A New Day in Olde Towne'.

David Cartier

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