12-30-2008, 01:52 PM
We had local dollars when I lived in Lawrence, Kansas. All of the original influx of local money was purchased (I believe at a dollar for dollar exchange rate). And anyone could purchase additional money as they liked. Businesses that accepted local dollars gave a discount for customers using the local money (like a kama'aina rate). Pawn shops and consignment stores would pay you for your goods in local money!
This was a great program and it really supported the local economy and local business'. I would love to offer what ever support I can in researching and developing this idea further.
Please contact me with more information.
This was a great program and it really supported the local economy and local business'. I would love to offer what ever support I can in researching and developing this idea further.
Please contact me with more information.