Online Database of Complementary Currency Systems Worldwide


Complementary Currency Systems - Details

[group]Country
[text]t_ref,,United States[text] ([text]t_ref,,--[text])

Brick City Bucks

[text]t_ref,,Administrator Information[text]
[text]t_ref,,Name[text]Todd Hoffman
[text]t_ref,,E-mail Address[text]toddhoffman2014@gmail.com
[text]t_ref,,Position / Job Title[text]Project Administrator
[text]t_ref,,First Language[text][text]t_ref,,English[text]
[text]t_ref,,Organization[text]Newark Renaissance
[text]t_ref,,Type[text][text]t_ref,,Private Enterprise[text]
[text]t_ref,,URL Address[text]newarkrenaissance.com/
[text]t_ref,,Exchange System Information[text]
[text]t_ref,,Status[text][text]t_ref,,Operating[text]
[text]t_ref,,Community[text]Greater Newark Region
[text]t_ref,,City / Urban Area[text]Newark, NJ
[text]t_ref,,Medium of Exchange[text][text]t_ref,,Member Card[text]
[text]t_ref,,Unit of Value[text][text]t_ref,,Units of National Currency Equivalent[text]
[text]t_ref,,Valuation[text][text]t_ref,,Convertible for National Currency[text]
[text]t_ref,,Cost-Recovery Mechanism[text]
  1. [text]t_ref,,Account Administration Fee[text]
  2. [text]t_ref,,Account Opening / Joining Fee[text]
  3. [text]t_ref,,Liquidity Tax / Circulation Incentive / Demurrage[text]
[text]t_ref,,Source of Funding[text][text]t_ref,,No Funding[text]
[text]t_ref,,Purpose for Establishing System[text][text]t_ref,,All reasons[text]
[text]t_ref,,Year the System was Started[text]2014
[text]t_ref,,Additional Information[text]

ABOUT BRICK CITY BUCKS While most local currencies are physical - either printed scrip or minted coins - Brick City Bucks rely on plastic, which gives them more purchasing power than having to haul around bills or change. They’re Visa debit cards based on bank accounts at the local community bank (City National Bank {CNB}). The cards can be used anywhere that debit cards are accepted, but when they’re spent at participating Greater Newark Region merchants, consumers get 5 percent back on their purchases to be applied to future neighborhood shopping trips - just like a frequent flier or rewards card. So for every $95 in Brick City Bucks they purchase to use at Joe’s Crab Shack or Prudential Arena, they receive $5 to spend at any other participating local merchant. OUR MISSION We are dedicated to strengthening the economic livelihood of our community. Originally with the Brick City Bucks Rewards, and now with the Local Currency Initiative, it provides incentives and systems to keep our money local. The Brick City Bucks program is administered by Newark Renaissance, an organization founded and run by residents of Newark, NJ.

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Complementary Currency Resource Center
www.complementarycurrency.org