Greenfield Dollars are a local currency designed for use in the city of Greenfield, Massachusetts issued by the Greenfield Business Association working in collaboration with participating local businesses, and local non-profit organizations.
The purpose of a local currency is to function on a local scale the same way that national currencies have functioned on a national scale — building the local economy by maximizing circulation of trade within a defined region. Widely used in the early 1900s, local currencies are again being recognized as a tool for sustainable economic development. The currency distinguishes the local businesses that accept the currency from those that do not, building stronger relationships and a greater affinity between the business community and the citizens of a particular place.
The people who choose to use the currency make a conscious commitment to buy local first. They are taking personal responsibility for the health and well-being of their community by laying the foundation of a truly vibrant, thriving local economy.
Greenfield Dollars will not, and are not intended to, replace federal currency. Their use will help strengthen the regional economy, favoring locally owned enterprises, local manufacturing, and local jobs, and reducing the region's dependence on an unpredictable global economy.
How are Greenfield Dollars placed in circulation? Greenfield Dollars can be purchased at the GBA office at 393 Main Street and at the following shops: Greenfield Dollars are printed in $10 and $25 denominations.
Greenfield Dollars Accepted Here! Citizens with Greenfield Dollars in hand will look for the bright green and white postcard size sign: "Greenfield Dollars accepted at this fine establishment" in store windows or call the GBA for a list at any time. The list is updated once a month as new GBA members take advantage of this program. Greenfield Dollars are accepted at face value for goods and services, though some restrictions may apply to any change made from the “dollar”. Every business listed as accepting the “dollars” commits to taking full or partial payment for its goods or services in Greenfield Dollars. Most listed businesses accept Greenfield Dollars for the full value of an item, but some find they cannot and so it is important to ask about store policy before making a purchase.
By accepting Greenfield Dollars merchants are helping to establish markets for independent, locally owned and operated businesses, promoting Greenfield as a cooperative and friendly community and keeping more money flowing through our own banks, services and storefronts without sacrificing choices.
How do Greenfield Dollars benefit the local economy? Everyone benefits from using Greenfield Dollars. Consumers benefit from contributing to their local economy, keeping jobs, products and services available here in Greenfield. Businesses benefit from increased patronage. Local businesses, service providers and non-profit organizations can also benefit by purchasing Greenfield Dollars to distribute to their employees in the form of gifts, bonuses or incentive pay.
It will take citizens working in their own communities, region by region, to create the kind of systemic change that will lead to sustainable economic practices — practices that foster ecologically responsible production of goods and a more equitable distribution of wealth. Local currencies are a tool to bring about such change. Greenfield Dollars are about building community while building the local economy.
How do I support Greenfield Businesses and the Greenfield Dollar program? Buy and spend Greenfield Dollars! Use them the same way you would cash in your day-to-day transactions. Trade them for goods and services outside of stores; remember, a local currency is only successful if it is traded and valued locally. HERE > .
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