“TAP America created the Merchant Program in order to bridge the gap between supply and demand for products Made In America,” said Richard L. Tso, executive director for TAP America.
Seattle, WA (PRWEB) June 28, 2011
TAP America, a non-profit organization dedicated to strengthening America and its citizens, today announced the launch of the TAP America Certified Merchant Program aimed at promoting businesses that currently carry at least 20 percent of products made in the U.S.A. While many Americans understand the value of purchasing products made locally, there has been a lack of resources for people to locate vendors who stock these products. TAP America addresses this need by effectively connecting buyers and sellers of products Made In America through educational online resources found on its website.
Economic Impact of Buying American
“TAP America created the Merchant Program in order to bridge the gap between supply and demand for products Made In America,” said Richard L. Tso, executive director for TAP America. “By creating an online directory where people can easily search for and locate products Made In America, we hope to promote businesses that have made the effort to stock locally made and grown products.”
According to the U.S. Small Business Administration, small businesses represent 99.7 percent of all employer firms and employ just over half of all private sector employees. Small businesses have generated 64 percent of net new jobs over the last 15 years and pay 44 percent of total U.S. private payroll. Supporting small businesses relates to putting more money into the pockets of those who provide local goods and services and strengthening local communities.
Introducing the TAP America Certified Merchant Program
According to TAP COO Stephanie Adams, “As part of this program, we are actively reaching out to businesses that want to participate in the pilot program. Any business that stocks at least 20 percent of products Made In America is eligible to apply for our program by visiting http://tapamerica.org and completing our online application. Approved vendors will then receive welcome materials, a TAP Certified Merchant window decal for their business, and will be listed on our searchable online business directory. Together, we are helping small business owners create a new revenue stream, while also supporting the national economy.”
Buy American: A Dollar A Day Saves the U.S.A.
“Recent reports verified by Merrill Lynch indicate that if each American spent an extra $6.41 on U.S. made goods each week, this alone would create almost 1 million new jobs. This equates to less than one dollar per day to save the U.S.A.,” said Mark Bloome, founder of TAP America. “TAP believes that consumers and merchants need to take individual responsibility to start stimulating our economy and bringing jobs back to our shores.”
According to a representative from Merrill Lynch, “Okun’s Law attempts to identify the relationship between unemployment and consumption in the economy, using Gross Domestic Product as a measurement of consumption. Okun’s law states that every 1 percent increase in the rate of unemployment is associated with 2 percentage points of negative growth in real GDP. Ben Bernanke and Andrew Abel performed a similar analysis in 2005 with similar conclusions. When we use this law in the analysis (in the reverse), we are estimating additional domestic consumption of $112B, which corresponds to an increase in GDP of 80 basis points (bps). If we use Okun’s Law, then we would estimate about a 40 bps increase in employment. Since the current labor force is about 239 million, that would be a creation of roughly 956,000 jobs.”
TAP America provides resources on its website providing consumers with information about how to locate companies that manufacture in the United States. There is also multimedia content and facts about how buying American will improve our nation by curbing joblessness and supporting small and locally owned businesses.
For more information about TAP America, to volunteer or to make a donation, please visit http://www.tapamerica.org.
About TAP America
TAP America is a 501(c)(3) non-profit organization dedicated to revitalizing and strengthening America and its citizens. Founded in 2010, TAP embodies what it means to be American by promoting patriotism, tolerance and Americanism through education and multimedia educational programs. The tenets of TAP encourage people to be physically active, embrace equality and support the American economy by purchasing products made in America. TAP America Founder Mark Bloome created the organization out of love for his country and its people and a desire to promote patriotism, free from political and economic self-interest. For more information about TAP America or to volunteer please visit http://www.tapamerica.org.
Richard L. Tso
Pseudosound Consulting LLC