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Would You Spend JP-Bucks?
The experiment will involve “Boston Bean” $5 notes good at participating local retail stores.
This holiday season you could buy your gifts locally with cash, or with Jamaica Plain-only currency. Boston Bean, in partnership with The JP New Economy Transition, will inject $1,000 worth of $5 “Boston Bean” notes into the local economy. The notes will be distributed for free to neighbors to spend on holiday shopping at local participating stores. Each bill will get its own authentic, indented serial number, according to Dakota Butterfield, a JPNET representative, at a Wednesday meeting of the Jamaica Plain Business and Professional Association. The program has been funded by an anonymous donor. The currency is good through Jan. 31, 2013. The idea is that dollars spent locally is a sustainable solution to an economic downturn, according …
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Dakota Butterfield
10:34 am on Friday, December 14, 2012
Hey Ajax! You might want to check out the BERKSHARE, a local currency system that has been running in the Berkshares of western Massachusetts since 2006. Over 300 businesses accept the BERKSHARE, and the currency is issued by 5 different banks through 13 branch offices. You walk into a bank, hand over $90US dollars and get $100Bershares in return. As long as you do your transactions in BERKSHARES… more ›