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The Power of Local Money for a Thriving Local Economy
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YES! Magazine - Economy
Complementary currencies have social goals, such as supporting local businesses or increasing economic inclusion for those without access to traditional capital.
Lapenna was part of the Co-op Cred program, which matched individuals with work placements at the co-op and nearby community gardens.
Unfortunately, Co-op Cred petered out shortly after the West End Food Co-op closed in 2018.
Complementary currencies also offer something national currencies do not, proponents argue, by keeping money in the community.
Instead, it had to raise money for a reserve pool to reimburse the co-op for products purchased by Co-op Cred participants.
['businesses'
'coop'
'program'
'currencies'
'food'
'cred'
'money'
'complementary'
'currency'
'end'
'economy'
'thriving'
'local'
'power']