The idea is the brainchild of Buffalo blogger and engineer Chris Smith, who said that Cash Mobs are sort of a reverse Groupon. Instead of offering people bargain-basement deals, people pay the regular price to support retailers in their communities.

In a time where many small, local businesses are struggling, victims of a fallen economy, the concept is a financial relief, serving to bring communities together. 

Smith said cash mobs are a chance for business owners to begin building a longer-term relationship with customers.

He also wants consumers to rethink the value of locally owned stores.

“[I want to] make them think once a month that you don’t have to go to Target for everything you need and everything you want,” Smith said.

The formula is straightforward: People commit to spending at least $20 each at a local business to help expose and market it, which brings in new customers.”