Could Decatur Dollars Become a Local Currency?
Decatur Metro | November 18, 2010A recent revival of “Middlebury Money” in Middlebury, Vermont – officially endorsed by Bill McKibben! – got me thinking about our own “Decatur Dollars” gift card and if a reinvented program with similar incentives might be applied here in Georgia that would provide Decatur with it’s own local currency.
Here’s the note in full from the the Better Middlebury Partnershp Middlebury Money Committee, which explains the problems with the original iteration of “Middlebury Money” and what the town has done recently to give the program a new “hook” that will hopefully inspire residents and businesses to continually use and spend it the new currency.
The Better Middlebury Partnership is excited to announce an exciting new Middlebury Money campaign, to be rolled out in the coming weeks – just in time for the holidays!
Many of you are probably familiar with Middlebury Money. Our organization (then the Middlebury Business Association) introduced it several years ago as a universal Middlebury gift certificate. We had moderate success, selling as much as $27,000 worth of Middlebury Money a year, sparking business for local merchants and service providers. Nonetheless, this year we challenged ourselves to improve the program.
We realized that to-date Middlebury Money was primarily being purchased to give as a gift – few people were purchasing it for their own use. Bryan Phelps, owner of Noonie’s Deli and one of our newest board members, suggested that we give Middlebury Money a real “hook,” a feature that would inspire consumers – residents, consumers, repeat visitors, even businesses – to buy Middlebury Money and to use it to spend locally.