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Buying Local With BerkShares

Channel One News

Shelby: When Berkshire Bike and Board owner Steffan Root tunes up bikes, he will accept several forms of payment — cash, credit cards…and BerkShares.

Steffan Root: By using BerkShares and accepting BerkShares, I’m keeping my dollars here in my community.”

Shelby: What are these BerkShares?

Steffan: A BerkShare is a dollar-backed currency that can be used to buy and sell goods that are produced by locally-owned and operated businesses.

North Fork Shares Wealth with Its Own Currency

The Fesno Bee - Bethany Clough - Something unusual is happening in the mountain town of North Fork: People
are printing their own money.

Hoping to boost the Madera County community's economy and keep all of its
wealth from rolling downhill to Fresno, a group of residents has created a
local currency. Organizers also hope the project will encourage neighbors to
become more engaged with one another.

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).

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.

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