Now that the national economy is tanking, maybe it’s time to put our money where our mouth is. Even now, Neighborhoods in Milwaukee are looking to keep money local by printing a currency that can only be used in small local businesses. It’s a great idea, and one that I think Buffalo could certainly capitalize on.
Think of it – when you look at our thriving commercial districts, it is the local businessperson who is keeping our economy running. Maybe it’s time to throw the small businessperson a bone.
Say you want to go fill your Flying Bison growler with some delicious Rusty Chain beer. Why not convert your $100 US into $110 Buffalo Bucks? The conversion rate is what makes the idea appealing. Keeping the money circulating in the area is the biggest factor however.
The movement could start with a progressive Credit Union taking the lead. The shops would have to be open to passing along a 10% discount to Buffalo Bucks members. The members would be issued ID cards as a security measure… why wait for the other small cities to pull it off? The currency wouldn’t be good at Walmarts and Home Depots. And that would be welcome change for the small business owner.
There’s even an organization that could put this plan together with the right support – Buffalo First.