Say hello to the Boston Bean!

Jamaica Plain, Massachusetts -- A pilot project of JP New Economy Transition (JP NET), introducing 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.

The 5 Bean note will be worth $5 US at participating locations

The 5 Bean note will be worth $5 US at participating locations

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 will be distributed and honored at many local JP stores and restaurants this holiday season. As an extra benefit, when people spend their BEAN, they'll automatically become a member of JP NET (Jamaica Plain New Economy Transition). 

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).

Did you know that for many retailers, a full 20% of their sales occur during the holiday season? It’s an especially important time to keep our dollars local.

A BOSTON BEAN note is worth the equivalent of 5 US dollars, and will be honored at participating stores and restaurants displaying the JP Buy Local/Compra Aqui logo,until January 31st 2013, when the value of The BEAN expires, at least for now. Any business interested in participating should contact JP NET for details (info@jptransition.org).

Logo for ¡Compra Aquí!/Buy Local JP – look for this in the window of local retailers!

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Adapted and reposted from the original post here.

 

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