OSWEGO, N.Y. (NCC News) — The City of Oswego is offering Blizzard Bucks for December to increase holiday shopping for local businesses.
The program acts as a “Buy One Get One” coupon program, where anyone can purchase a $25 coupon, and the city gives five $10 coupons in return. Nearly 80 local businesses are participating in this month’s round of Blizzard Bucks, and after Mayor William Barlow Jr. announced the sale of the coupons Thursday, they sold out within three hours.
How the Blizzard Bucks Program Works:
- Pay $25 (Cash Only) and get an additional $25 in Blizzard Bucks Free
- Blizzard Bucks are redeemable at nearly 80 participating locations
- The program expires December 31, 2021
- Maximum two coupons per person and each coupon can be used at different local businesses
The program aims to help consumers support local businesses this holiday season and help local businesses hit by the COVID-19 pandemic. The five $10 coupons matched for the purchased $25 coupons are provided by the City of Oswego, using $25,000 in funding from the federal government’s American Rescue Plan.
“It’s money well spent to know that you’re supporting, directly supporting people, in this case, the business owners and supporting a good cause versus spending your money at a box retail store where the money may never circulate in this community,” Mayor Barlow said.
According to a Michigan State University study, when consumers spend locally, the money can be re-spent locally. The re-circulation of money leads to more spending for libraries, schools and raises salaries.
The Michigan State University study found that small businesses employ more than 52% of the nation’s employees. Since 2003, small businesses have added more than 5.1 million new jobs playing an essential role in job creation. In addition, more Americans work for small business companies of less than 100 employees than large national chains of more than 500 employees.
In Oswego, the focus for city officials is working hard to revitalize the Downtown area. A critical part of that plan is the small businesses and restaurants. With the support of programs like Blizzard Bucks from the community, Mayor Barlow says that supporting these businesses is critical not only to the business’s survival but the community’s success.