Perhaps a new way to encourage shopping locally


Published on Saturday, August 29, 2009 9:21 PM AKDT

Alaskans like to say they don’t give a damn how they do it Outside. But sometimes it doesn’t hurt to at least take a look at different ways of doing things.

A Denver Post article in Friday’s paper discusses how two mountain towns have printed their own money to encourage locals to spend locally.

I’s not really money, it’s called scrip.

The basics go like this. The towns kicked in $10,000 and printed 50,000 Butte Bucks. What that means is that consumers can buy a Butte Buck for 80 cents, but it spends like a dollar at participating merchants. The merchants like it because that dollar can’t be spent anywhere else: Anchorage?

The cities like it because when consumers spend more locally, that means more taxes to fill city coffers. The consumers like it because they get 20 percent off everything they buy. And some merchants enhance the deal by offering Butte Buck specials.

The Post reports that several towns in Colorado have tried similar programs with scattered results, so the program isn’t perfect.

On the other hand, printing scrip isn’t new. Notes were issued during the Civil War when people were hoarding gold and silver. During the Great Depression, scrip was printed at time when banks were failing and the economy was in the tank.

Let’s face it, lots of people are trying all kinds of things to improve the economy globally, nationally and locally.

If it works, the local governments will see a return on their investments. The investment by merchants is minimal, so they should also see a return. Shoppers have nothing to lose as long as the program is honored.

The program can start small and see how it works. The Colorado effort started at $10,000. That would be $3,300 or so from the three Valley municipalities.

Perhaps the big box stores won’t be able to participate due to corporate rules, but maybe that’s not so bad. Maybe an influx of Mat-Su Money would direct shoppers to some of the Valley’s smaller shops.

It would be foolhardy to think scrip can replace dollars in the Valley, but if merchants and the local chambers of commerce really want to encourage local shopping, and they do, then maybe they should give scrip some research.

For those interested in seeing the Denver Post piece, go to www.denverpost.com/ci_13219440.

 

Comments

8 comment(s)

    Lack of products wrote on Sep 2, 2009 6:15 PM:

    " We need better womens or mens clothing stores. Look at the way we have to dress! We need a good shoe store and a shoe repair shop and a really swanky Aveda salon. Thats why I go to Anchorage , and New Sagya "

    If wrote on Sep 2, 2009 6:08 PM:

    " Buy local only if:
    the products are good
    the service is great
    the business is ethical
    additonal cost is worth it
    We have too many businesses that give terrible service, sloppy workmanship and sell based on longevity and local loyalty. Let them go out of business.
    Generally the new comers are doing a better job then the "entitled" Life Longers. They know what service and quality means. "

    Oops wrote on Aug 31, 2009 9:21 PM:

    " Why bother worrying about your Constitutional rights, sounds like a lot of radical, independent talk. Alaska can't make it as a state without government aid, it doesn't take phony money to buy Alaskan just buy and support your local area you don't need some funny money. Just more crappy ideas. "

    made in mat-su wrote on Aug 31, 2009 12:52 PM:

    " Lets try this even more local and encourage buying products made right here in the MatSu area. madeinmatsu.com Walmart buyers have offered to sell products that are certified Made in MatSu products. Please join us at Mat-Su Lodge Tuesday 15th of September and lets keep our money here. "

    Build it and they will come wrote on Aug 31, 2009 10:15 AM:

    " Anchorage traffic could be cut in half - Just build a Costco here. It is the only reason left to go to Anchorage. "

    Dave wrote on Aug 31, 2009 9:45 AM:

    " ....People in the valley are very very much like that... "

    First Editorial... wrote on Aug 30, 2009 7:07 PM:

    " Wow, this is the first editorial in a while that actually tries to get people to think a bit. Good job Frontiersman, maybe you have a glimmer of a soul after all.

    I sort of like this idea. Of course, there are always people like "Dave" below that would prefer to give credit to those willing to corrupt the system, but I think the people of the valley are better than that. "

    Dave wrote on Aug 30, 2009 7:23 AM:

    " You've absolultely got to be kidding! Jet your laser printers fired up! "

WRITE A COMMENT

Use the form below to post a brief comment to this story, or respond to other readers. Please use the word count tool to assist you in keeping your remarks to 100 words or fewer.

Comments must be approved by an editor before appearing on the Web site. Editors review submitted comments periodically during the day for offensive or off-topic content before posting. Your thoughtful contribution to the online discussion is appreciated.

(optional)
Current Word Count:
   




Classifieds




Make Us Your Homepage