Commerce Bank celebrates Independent Retailer Month
Let’s talk LOCAL! Commerce Bank is proud to participate in Independent Retailer Month, an organized effort to put economic power back in the hands of local businesses.
Independent Retailer Month is a shop-local event that runs annually throughout July, encouraging consumers to shop at independent retailers. It highlights their positive social and economic impact, while encouraging consumers to celebrate independent retailers - the backbone of our communities.
Local businesses were some of the hardest hit during the global pandemic. What better way to show them love than by committing to shop locally this month?
The effects of shopping local
While local businesses have obvious cultural impacts on their communities, you may not realize the large-scale economic impact that these businesses create. In fact, if every family in the U.S. spent an extra $10 a month at a locally owned, independent business (instead of a national chain), it’s estimated that over $9.3 billion would be directly returned to the economy.
Plus, small, locally owned businesses are more likely to work with other small, locally owned businesses for supplies or to collaborate on events, further fueling the economy in their own communities.
Commerce Bank’s commitment to local businesses
As a super-community bank located in the Midwest, Commerce is deeply involved in the communities where we live and work. The neighborhoods we serve are diverse, and we believe our business practices – from how we work with customers to which print shop we use – should reflect the community. We know that by hiring local suppliers, we’re able to put resources back into the community to further enrich the local economy. Commerce Bank also takes great care in making our communities better places to live for our customers and neighbors.
Support local business year-round
This July (and year-round!), we encourage everyone to celebrate local small businesses and post your experiences using the hashtag #indieretail. Whether you’re going out to eat, buying a gift, or even on vacation, research local businesses in your area to give the local economy a boost with your hard-earned dollar.