Here is how it works:
Many communities have printed their own currency in an effort to encourage consumers to spend in their neighborhood.
A dollar note that acts as a 10%discount (excluding alcohol) at participating businesses will encourage business and visitors to the area.
For a business to participate, all they have to do is post a bill in their doorway to let consumers know they honor the discount. They can honor a 10% discount or a full face value of $1.
As most businesses know, coupons actually encourage more spending.
The discount bill can be copied by anyone and reuse is encouraged. Only one use per visit is listed. The bill is hoped slowly will become self perpetuating by businesses that want to put out an attractive discount coupon.
Businesses can stamp their business name on the back for advertisement and to encourage consumers back as well as serving as an interesting way to track the life of the bill.
The coupon bill would be initially printed and distributed by the council to organizations, businesses, tourism and residents.
Lets hear your feedback.
A suggested example with former Capitol Hill resident Actress Frances Farmer.