Open Rewards benefits the whole community
- Jul 16, 2024
- 2 min read
Updated: Mar 8
Shopping locally has never been more exciting than now with Open Rewards. As we move into a resurgence of local community pride, people are eager to support your businesses.
Open Rewards gives customers even more reasons to shop locally, providing new ways for them to discover and support businesses in their community.
Why Use Open Rewards?
Open Rewards is built on a simple idea: shopping locally benefits the whole community, not just one business. From an economic development perspective, the numbers are clear: for every $100 spent at a locally owned business, $68 stays in the community. In contrast, only $43 stays local when spent at a national chain. Keeping money in the community means more local jobs, environmental benefits, and tax dollars to support local infrastructure.
You might wonder, how does shopping at other local stores benefit your business financially? Isn’t that money not going into your pocket? Actually, when more people are drawn to business districts, sales increase for all stores in the area. In fact, 85% of Open Rewards users reported that the program has directly influenced them to shop locally, showing a strong impact on community spending habits.
Open Rewards incentivizes local shopping by giving customers cash back rewards every time they shop at eligible stores. They can then use these rewards at any other local business in the program - this means every dollar the city invests into Open Rewards stays local.
Communities using Open Rewards see over 20X return on investment in local economic impact, making it a highly effective tool for boosting local economies. Best of all, for cities offering sponsorship, the program is completely free for businesses, providing immediate returns without any costs.
Learn how Arlington County, VA is seeing this type of success with Open Rewards in this video case study:
How Does Open Rewards work for business owners?
Open Rewards is an app that works differently for customers and businesses. Customers download the app, connect a credit or debit card or simply snap a photo of their receipts. For businesses with city-wide sponsorship, the whole process is free; otherwise, you’ll need to maintain a small balance to fund the rewards.
No action is required from businesses to give or redeem rewards, making it a hassle-free process. Businesses receive the full dollar amount for all transactions, ensuring no loss of revenue. Additionally, Open Rewards provides marketing materials to help promote the program, further driving customer engagement.
Communities using Open Rewards
Many communities have already seen the benefits of Open Rewards, including:
Interested in learning more about the economic impact of a shop local program? Then check out this blog.
Open Rewards offers greater visibility for local businesses
Open Rewards offers a simple and effective way to expand and retain your customer base while empowering the whole community. By leveraging community funding, offering full transaction value to businesses and providing marketing support, Open Rewards ensures that local businesses can thrive without any added costs.
Want to see what Open Rewards would like for your community? Schedule some time with us.
This is a fantastic breakdown of how Open Rewards truly strengthens communities! It's inspiring to see concrete numbers on how local spending keeps money circulating and creates so many positive ripple effects. The 20x ROI for communities is particularly striking. For more great insights, I often find useful articles on Change Clothes in photos.
This is a fantastic breakdown of how Open Rewards truly nurtures local economies! The statistic about $68 staying local for every $100 spent at a local business really highlights the tangible impact. It's inspiring to see a program that incentivizes community pride and keeps wealth circulating within. For more great insights, check out Attractiveness Test.
Open Rewards programs slope run are typically designed to create ripple effects, not only for consumers but also for the entire local community.