Proposal for Philadelphia ArtCash: currency for the creative economy
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
ArtCash Half HOUR
ArtCash reverse
ArtCash flyer
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 circulation
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)
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
Contact: paul[email protected] (215) 805-8330