Last month, a business improvement group in Ardmore, PA issued $15,000 in local currency, which citizens bought at half the face value and which can be spent like real money in stores and restaurants in the downtown area. Strangely, despite the 50% savings promised only $2,900 of it has been spent so far, with thrift stores receiving more than any other type of business. The group is going to launch another money printing campaign in November to try to boost holiday sales, preferably of new things.
Town Prints Its Own Money To Get Locals Shopping
By cwalters June 7, 2010
- drumming up business Report: Airbnb Gearing Up To Offer Prepaid “Experience” Credit Card For International Travelers
- tears for sears Leasing Brochures Indicate Sears Plans To Shrink 3 More Stores, Rent Out Empty Space
- safe for now San Francisco Votes Down Restrictions On AirBNB Rentals
- radioshack afterlife Radioshack Franchisee On Martha’s Vineyard To Close, Store Dog Will Also Retire
- slow sales equals fewer stores Macy’s Will Close 40 Stores This Spring: Here’s The List