Common Good Finance Gets Google Grant
The organization is set to launch its R Credit initiative next year in Greenfield. The "R" in R Credits stands for "Regenerative, Revolutionary, and taking Responsibility" for the local economy.
"It combines features from successful alternative credit systems, adding technology innovations and procedures to ensure a secure, profitable experience for everyone," said William Spademan, president of Common Good Finance, in a statement.
The system is somewhat similar to Berkshares in that it promotes the use of local currency but is designed to be far more reaching in terms of democratic participation in its uses and equal exchange with dollars.
More information: www.commongoodfinance.com or call 413-628-3336.