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
5. RAISE MONEY by sale of framed limited edition lithographs.
6. REWARD MAJOR DONORS
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
CREATIVE ECONOMY OCCUPATIONS
Amended from phila.gov/OACCE
Muralists, Painters (oil, face), Sculptors, Illustrators, Printmakers
Audio and Video Equipment Technicians
(TV, Video, Film)
Craftspeople and Artisans
Directors Religious Activities
Film and Video Editors
Furniture Designers and Crafters
Multi-Media Artists and Animators
Music Directors and Composers
Makers, Repairers, Tuners
Producers and Directors
Puppeteers and Puppet Makers
Radio and Television Announcers
Sound Engineering Technicians
Theatre Set Designers
Writers and Authors
Cooks (culinary arts)
Heaers (healing arts)
ART ANCILLARY BUSINESSES
Music Instrument Stores
Schools (art, dance, music)
Sign Making Shops
Silk Screen Shops
Theatres (Stage, Screen)
Web and Database Designers
ARTIST SUPPORTER BUSINESSES
Doctors and Holistic Healers
Philanthropic Foundations & Individuals
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-TOSTEP 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.
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
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
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.
How to Enrich Your Community with Local Currency
|Recipe for Successful Local Currency|