Urban Studies and Planning Commons^™

Helping Everyone Have Plenty: Addressing Distribution And Circulation In An Hours-Based Local Currency System, Jonathan Lepofsky, Lisa K. Bates

Urban Studies and Planning Faculty Publications and Presentations

This paper summarizes research conducted by the authors who served as the ad-hoc Disbursement Task Force created by NCPlenty, Inc., the non-profit managing agency for a local currency system in central North Carolina, USA. NCPlenty, Inc. began printing a scrip-based local currency called the PLENTY in October 2002. The PLENTY, or Piedmont Local EcoNomy Tender, is based on the Ithaca HOURS currency and has faced circulation and distribution issues similar to other HOURS-based systems in the US. While at the start of the PLENTY’s first year of circulation the number of participating individuals and businesses nearly doubled and a vibrant …