Boss Gives Out Bonus To Employees All In $2 Bills To Spend Locally

Every year in mid-June, Hornady Manufacturing, a Nebraska company that makes ammunition and reloading tools, gives its employees an impressive bonus. Three years ago, after local leaders accused the company of not supporting the local economy, it began earmarking a part of that bonus to be spent only at local businesses. How did they do that? By giving out envelopes of a very particular form of currency: $2 bills.

The Omaha World-Herald reports that when the bonus program began three years ago, the company handed out rolls of dollar coins. Those were too bulky, especially when the bonus works out to around $200 per employee.

Where do you get more than 30,000 $2 bills? The company has to order them from its bank weeks ahead of time.

Watching the $2 bills circulate around local shops let everyone see the company’s impact on the economy, and employees’ bonus spending in the town became very, very visible.

Of course, the whole bonus doesn’t come in $2 bill form: employees also get a real bonus check, as well as a contribution to their retirement accounts.

(This concept also has an evil twin: I have also heard of a strip club that gave out change in $2 bills, so patrons had to either give all of their bills to the dancers or have others in the small town know where they had been.)

Curiously, the Omaha World-Herald didn’t interview local storekeepers about the possible inconvenience of the influx of $2 bills.

Employer hands out $61K in bonuses — all in $2 bills [Omaha World-Herald]

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  1. JDUB says:

    Not sure what the possible inconvenience of $2 bills would be. If anything, it would allow you to use less singles in making change for transactions. Thoughts?

    • CzarChasm says:

      I can think of 2. The first is cash draws not being set up for another denomination. The second is customers not wanting to receive their change in $2 bills. Both of these things may or may not be issues for any particular place, but both are possible.

  2. furiousd says:

    Admittedly, I don’t understand how a business’ relationship with local government leaders matters since having a business in the area would obviously have a positive economic impact on the area, but I wouldn’t have cared enough to make any effort to shut them up. Unless I was bored and wanted to have some fun. Personally, I would have deposited everything in the bank anyway since I don’t carry cash.