Oroville Mercury-Register

Now is the time to support local business

See something extra in your bank account this week?

-

A good number of $1,400 stimulus checks arrived by direct deposit in the accounts of citizens all over the nation the past couple of days. While the topic of “Was this too much and is enough actually going to help people instead of your typical pork products” is open for debate, one thing is not debatable — the amount of funds suddenly in the hands of people across most wage brackets in our country is staggering.

The IRS said Wednesday it has already distribute­d 90 million stimulus checks. Assuming each were for $1,400 (and the average figure is probably just a bit less), that’s $126 billion sitting in bank accounts that wasn’t there three days ago. And more is on the way; on March 15, President Biden said “By the time all the money is distribute­d, 85 percent of American households will have gotten $1,400 rescue checks.”

In Butte County alone, given 85,400 total households broken down by the various IRS filing categories and income levels, that comes out to a whopping $207 million. Throw in Tehama ( just under $62 million) and Glenn ($21.5 million), and — incredibly — we’ll have more than $290 million in the hands of our tri-county residents that didn’t exist just a week ago.

This is a once-in-a-lifetime, completely unpreceden­ted dump of money into the hands of millions of consumers. In a majority of the cases, this is going to end up as discretion­ary spending. And it comes just as so many of our local businesses — the ones who have struggled to stay afloat during the past year of shut-down — are emerging from months of “purple tier” and hoping to see more customers again.

Butte and Tehama counties both moved from the purple tier into red within the past week. Glenn’s numbers have improved dramatical­ly as well, and they shouldn’t be far behind.

Has there ever been a better time to support local businesses?

One of the countless frustratio­ns for many small business owners the past year was the way government regulation­s basically picked and chose who was going to prosper in the era of COVID. Some nationwide big-box chains were practicall­y bursting at the seams with customers most days, and many ended up with record-setting revenues in the process.

Meanwhile, down the street, mom-and-pop businesses were empty, often with their doors closed — doors that in too many cases, never opened again.

We’ve encouraged people in the past year to support these businesses however possible once they re-opened. In many cases, that meant buying gift cards, or ordering more food to-go. As always, our community stepped up in every way they could.

Now, in a manner of speaking, the gloves (if not the masks) are off. Here’s the best, most worthwhile opportunit­y you may ever have to get our local economy roaring again.

Visit that local store you’ve stayed away from for months. Think about the local proprietor­s who have always been there for the community; after all, they are the ones who sponsor Little League teams and support junior livestock auctions and are always the first to back charitable organizati­ons.

More than 20 percent of California­ns have received at least one COVID-19 vaccinatio­n shot. Case numbers are plummeting and, slowly but surely, we see signs every day of an actual light at the end of the tunnel.

These stimulus funds are designed to help us get there more quickly. Let’s use them wisely, and make the ultimate investment in all of our futures by supporting our hard-hit local business communitie­s.

Newspapers in English

Newspapers from United States