Local Economy Gets $1 Million Boost from SLO Buy Local Bonus Program

The City of San Luis Obispo’s Buy Local Bonus program has come to an end, and the results are in. This holiday season, a staggering $943,547 was injected into the local economy, marking the program’s fourth consecutive year of substantial impact, according to the SLO Chamber of Commerce.

The city worked alongside the SLO Chamber of Commerce to offer support to local businesses by increasing its initial investment to $125,000. This investment was utilized to purchase twenty-five $25 gift cards from qualified local businesses. The promotion ran from Nov. 24 to Dec. 23, serving as an incentive for shoppers to prioritize local retailers in the city of SLO.

SLO City Economic Development & Tourism Manager Molly Cano expressed happiness about the significant number of community members choosing to spend their money at local retailers, despite the convenience of online shopping. She stated that it is crucial for consumers to support small businesses and help keep their communities thriving.

The program exceeded expectations, selling out earlier than anticipated and exhausting the city’s funding. This year’s program saw about 5,000 shoppers qualifying for the promotion – a 23% increase from the previous year. Gift cards were distributed among 170 different local businesses, showing widespread support for the program.

Shoppers actively participated in the program, submitting nearly 8,000 qualified receipts, according to the City of SLO website. City Manager Derek Johnson emphasized the program’s importance, explaining that the city has invested more in it this year than ever before and will continue to do so in future years to promote sustainable economic growth in San Luis Obispo.

By Editor

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