| BENEFITS 1. DRAMATIZE THE CAPABILITY AND NEED OF PHILLY'S CREATIVE ECONOMY. ENHANCE GRANT FUNDABILITY. 2. CONNECT ARTISTS TO AFFORDABLE COMMUNITY RESOURCES (housing, health care, food) 3. STIMULATE PUBLIC PARTICIPATION IN THE ARTS 4 STIMULATE RELATED GRASSROOTS ECONOMIC DEVELOPMENT 5. RAISE MONEY by sale of framed limited edition lithographs. 6. REWARD MAJOR DONORS   |
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GOALS
Tens of millions of dollars worth of ArtCash HOURS per year can be transacted in Philadelphia's grassroots creative economy among artists, arts organizations, arts-related businesses, and creative economy supporters (landlords, health professionals, restaurants, grocers, etc), to strengthen this sector. CREATIVE ECONOMY OCCUPATIONS Amended from phila.gov/OACCE Acrobats Actors Architects Art Directors Art Teachers Artists: Muralists, Painters (oil, face), Sculptors, Illustrators, Printmakers Audio and Video Equipment Technicians Broadcast Technicians Camera Operators (TV, Video, Film) Choreographers Clowns Costume Designers Craftspeople and Artisans Dancers Dance Teachers Directors Religious Activities Editors Exhibit Designers Fabrick Designers Fashion Designers Film and Video Editors Floral Designers Furniture Designers and Crafters Graphic Designers Hairdressers Interior Designers Landscape Designers |
Media
& Communication Equipment Workers Multi-Media Artists and Animators Music Directors and Composers Music Teachers Musical Instrument Makers, Repairers, Tuners Musicians Photographers Printmakers Producers and Directors Puppeteers and Puppet Makers Radio and Television Announcers Singers Storytellers Sound Engineering Technicians Tattoo Artists Voice Teachers Web Designers Theatre Set Designers Writers and Authors Cooks (culinary arts) Heaers (healing arts) ART ANCILLARY BUSINESSES Art Galleries Art Supplies Book Stores Craft Stores Costumeries Dyeworks Fabric Stores Garden Centers Music Instrument Stores Photography Stores Print Shops Record/DVD Stores Schools (art, dance, music) Sign Making Shops Silk Screen Shops Tattoo Shops Theatres (Stage, Screen) Web and Database Designers ARTIST SUPPORTER BUSINESSES Doctors and Holistic Healers Farmers (CSA) Landlords Lawyers Philanthropic Foundations & Individuals |
 ARTCASH ISSUANCE HOUR = $20; Half = $10; Quarter = $5; Eighth = $2.50 ENROLLMENT PAYMENTS to artists, arts orgs, art businesses, affilated businesses and individuals who agree to accept ArtCash for part/full payment. They're in full control of acceptance and may change their acceptance rate or cancel acceptance at any time. GRANTS to art organizations and artists. (maximum 15% of total otherwise issued). Ask vendors to accept ArtCash as maximum 5% or 10% of fee. LOANS interest-free to artists, arts orgs, art businesses, affiliated businesses and individuals (maximum 10% of total otherwise issued + 25% of total loans repaid) REWARDS to those who donate most ADMINISTRATION (maximum 5% of total otherwise issued) COLLECTORS (for $ equivalent) |
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ArtCash: The People's Stimulus
HOW-TO
STEP A: Design smaller denominations: $100, $50, $20, $10, $5,
$1. Motto on back could read: "When you
accept and spend ArtCash you strengthen Philadelphia's creative
economy." Include smaller motto in several
languages: Spanish, Chinese, Vietnamese, etc. Consider
denominating as HOURS rather than dollars, to
promote labor trades independent of dollars.STEP B. Print on 50% hemp/50% organic cotton + anti-counterfeiting devices. STEP C: Create a catalog (print & online) of local artists, businesses, organizations, vendors and individuals willing to accept ArtCash for full or part payment. STEP D: Issue first ArtCash allotment to pioneer backers. Recommend $50 value each. The amount circulating is soon expanded by annual renewal payments, grants to community groups, and interest-free loans. STEP E: Facilitate circulation by steady contact with prominent traders. Help them spend for business, self, employees, family, friends. STEP F: Ask vendors to accept ArtCash for full/part payment. Show them the list of pioneer traders. Publish total amounts issued monthly. STEP G: Develop BARTER system for Philadelphia artists and affiliates. With diversified catalog, ArtCash becomes an increasingly significant part of Philadelphia's arts, grassroots, small business economy. Connect to all sectors: art supplies, medical/dental, housing, urban farming, farmers' markets, restaurants, health clubs, carshare, movies, clothing, etc. Credit unions, landlords, City free clinics, SEPTA may follow. City government may itself come aboard, receiving donations of ArtCash with which to pay its own vendors and staff, as for keeping open libraries and swimming pools. |
NETWORKERS 1. Tabling in public places (farmers' markets, meetings, etc.) 2. Creating a prospects list and visiting these. 3. Enroll businesses and others 4. Reassure participants by repeat visits to guage earning and spending. 5. Make Personal Shopping Lists. 6. Stimulate circulation 7. Promote loans 8. Promote grants ADMINISTRATION 1. Website and social media & email list 2. Reply to inquiries 3. Print money 4. Issue money and sell collector sets 5. issue grants 6. issue and recoup loans 7. Distribute promotional literature 8. Handle media inquires 9. Edit and distribute newspaper BOARD OF DIRECTORS 1. Approve denominations 2. Approve money designs 3. Approve money printing 4. Set guidellines for issuance, grants, loans CIRCULATION (Assume annual multiplier of six) 5,000 HOURS @ $20 = $ 600,000 10,000 HOURS @ $20 = $1,200,000 20,000 HOURS @ $20 = $2,400,000 40,000 HOURS @ $20 = $4,800,000 |
| Paul
Glover is founder of Ithaca HOURS, America's first
bioregional currency. Millions of dollars worth of HOURS have
been traded since 1991. He is founder of 18 community groups and campaigns, author of six books, former professor of Urban Studies at Temple University. |
Hometown Money: How to Enrich Your Community with Local Currency |
Recipe for Successful Local Currency |