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Illinois Town Battles Online Shopping With Offline Incentives

NBC Chicago - B.J. Lutz, Phil Rodgers - If you like a locally-owned business if your community, patronize it. That's
the message the South West suburb of Lemont is actively promoting in an
effort to keep local money local.

Officials have asked the village's 17,000 residents to pick three local
businesses they would miss if they were gone and to spend at least $50 per
month there to help them to survive.

Think Global, Spend Local

Whole Life Times - Maria Fotopoulos - In 1932, while the world struggled through the Great Depression, a small
Austrian town tried an economic experiment. To stimulate the local economy,
leadership in Wörgl created its own local currency, or scrip, known in
German as freigeld (literally, free money).

What Would Your Neighborhood Currency Look Like?

DNAinfo New York - Suzanne Ma - Students at the School of Visual Art's Communicating Design class
have taken on the task of designing local currencies for 18 Manhattan
neighborhoods.

Each student pulled a neighborhood out of a hat and went about researching
their assigned nabes to determine what characteristics should be represented
on its currency.

No Money? Then Make Your Own

BBC - Marie Jackson - Can printing your own cash actually help revive a struggling economy? That's just what traders in one London shopping district are hoping for, as they begin accepting a new local currency.

Short on cash? Then why not make your own. There's no law against it, so long as you don't try to pass it off as sterling.

And you can use whatever you please to make your money, whether cigarettes, rabbit skins or paper notes.

¿Nuestra Propia Moneda?

El Puente de la Bruja - Ante la fuga de capitales de su región, una comunidad de Estados Unidos decidió implementar algo que podría parecer utópico pero que ya es ejemplo mundial de desarrollo sostenible. En Berkshires, un puñado de pueblos de Massachusetts, cercanos a Nueva York, el icónico centro de la economía global, empezaron a usar una moneda alternativa al dólar. Esta semana conversamos con una de las organizadoras.

Local Currencies Cash in on Recession

LA Times - Nicholas Ricchardi - The stimulus for this mill town turned artist's colony arrived in the form of green bills bearing sketches of herons, turtles and trees.

A few dozen local businesses banded together this spring to distribute the Plenty -- a local currency intended to replace the dollar. Now 15,000 Plenties are in circulation here, used everywhere from the organic food co-op to the feed store to, starting this month, the Piggly Wiggly supermarket.

Can the Buck Stop Here?

Burinlington Union - Bruce Coulter - It’s all about the benjamins. But for the past 18 months or so, consumers have been less willing to part with their hard-earned cash, whether that greenback has a picture of George Washington or Ben Franklin.

As national economies have stalled, so has the global economy. Americans have seen the housing markets slump, car manufacturers crash, and banks begging for bailouts.

Local Currencies: An Overview

WorldingChanging.com - Cathy Tuttle - Even prior to the economic breakdowns we are now experiencing, economists who study globalization found that only about 20 percent of the money we spend in chain stores stays local, while the other 80 percent quickly zips back into the global market of manufacturers, distributors, transporters and investors. Spending your money in a locally owned business has the inverse effect, with 80 percent of money you shell out bouncing around for a while in local wages and suppliers.

Local Currencies

TIme Magazine - Judith Schwartz - With local economies flailing communities across the U.S. are trying to
drum up more action on Main Street. "Buy Local" campaigns are one way to go.
But many towns--from Ojai, Calif., to Greensboro, N.C.--are considering
going a step further and printing money that can only be spent locally.

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