By Laura Swift
The Murphy Economic Development Corporation has developed a new initiative aimed at supporting and expanding Murphy businesses. “Buy Murphy!” will employ a multi-pronged approach to entice residents and outside consumers to shop Murphy.
Geographically, Murphy is surrounded by established (McKinney, Plano, Richardson) and small and growing communities (Wylie, Sacshse), offering consumers an expansive and dizzying array of shopping and dining choices. In Murphy alone, there are 136 businesses, in addition to 30 out-of-home businesses, as of Dec. 31, 2011.
To entice consumers to shop in Murphy, the Economic Development Corporation (EDC) will roll out a business directory, shop local incentive programs, training opportunities, partnerships, marketing and a dine in Murphy program.
The Murphy business directory/database will be launching point for ShopsQA, an online marketing tool that will allow anyone to join the “Buy Murphy!” email list. ShopsQA will provide businesses free features such as links to their websites; directions on Google search; and email blasts used to announce deals, coupons and events.
Through ShopsQA, businesses will also be able to participate in in-house or on-site training from the Collin Small Business Development Center programs through Collin College. Other partnership and training opportunities will be offered through the Murphy Chamber of Commerce, which will conduct one-on-one meetings with businesses to discuss program and marketing opportunities, industry issues and growth potential.
In addition to ShopsQA, the EDC will launch R-TIP and Munch in Murphy incentive program. R-TIP, a receipt turn-in program, is geared to act as an investment to inject stimulating funds into the Murphy market and increase interest for shopping locally first.
For every $250 in receipts submitted to the city by a Murphy resident, they will receive a $25 gift card to the Murphy establishment of their choice. The program will allow a maximum of three gift cards per month per resident.
Munch in Murphy is an outreach incentive program intended as an investment to encourage consumers to think of Murphy restaurants and eating establishments by offering an in-hand incentive—Munch in Murphy Money.
Local establishments that choose to participate in the program will accept $5 Munch in Murphy Money—one per customer per visit—and then will submit it back to the city for reimbursement. The $5 voucher will include a QR code linking to the Munch in Murphy Web page.
Below is a breakdown of Murphy businesses, as well as key demographics that will impact local businesses growth:
Population: 17,700
7-year growth: 300 percent
Average household income: $110,000
Median income: $91.163
Average age: 35-44
Homeowners: 89.75 percent
Average house value: $255,000
Food: 26 Service: 25 Health: 23
Retail: 14 Spa: 12 Restaurant: 9
Realty: 5 Grocery: 5 Gas: 5
Auto: 5 Bank: 4 Private Schools: 2
Newspaper: 1 (Guess which newspaper was considered a Murphy business? It wasn’t the Messenger!)