American Express (NYSE:AXP) has teamed up with the American Business Alliance to enable more “Buy Local” initiatives.

American Express Encourages Local Initiative

American Express (NYSE:AXP) has joined forces with the American Independent Business Alliance to enable more small businesses and community groups to successfully launch “buy local” campaigns throughout the United States.

As part of the partnership, AMIBA and American Express (NYSE:AXP) will host as many as 20 training events beginning in September through May 2013 to help communities and merchant coalitions develop an effective “buy local” infrastructure with the goal of catalyzing local action and enabling successful long-term organizing on behalf of local small businesses.

Mary Ann Fitzmaurice Reilly, senior vice president, American Express (NYSE:AXP) OPEN, said that, “American Express (NYSE:AXP)’s collaboration with AMIBA advances a shared goal – to support America’s independent small businesses. Our joint efforts will lead to many new local alliances that will help raise awareness of the value small businesses bring to communities and motivate consumers to ‘shop small’ all year around – including on Small Business Saturday”.

American Express Co. (NYSE:AXP) stocks were at 57.37 at the end of the last day’s trading. There’s been a 4.0% movement in the stock price over the past 3 months.

American Express Co. (NYSE:AXP) Analyst Advice
Consensus Opinion: Hold
Mean recommendation: Error
(1=Strong Buy, 5=Strong Sell)
3 Months Ago: Error
Zack’s Rank: 4 out of 24 in the industry