A pilot project of JP New Economy Transition (JP NET) to introduce community members and neighborhood businesses to a local currency, in coordination with Egleston Square Main Streets, Centre/South Main Streets, Hyde/Jackson Main Streets, JP Buy Local and JP Forum
To encourage local shopping, to introduce our community to the potential power of a local currency, and to provide a fun way for folks to claim membership in JP’s New Economy Transition, a limited number of just-like-money BOSTON BEANS were distributed and honored at many local JP stores and restaurants during the 2012 holiday season.
Why a local currency?
Jamaica Plain prides itself on the unique character of its local businesses. And when we shop at those businesses, we strengthen our local economy, helping to keep jobs and capital right here in our community where we collectively benefit in multiple ways. Every dollar spent locally generates two to four times the economic benefit (in terms of income, jobs, tax revenue) than a dollar spent at a multi-national chain store (see Michael Shuman’s work for more information on the benefits of local businesses).