As local economy continues to strengthen, Maggio says organization seeks to broaden the reach of BerkShares to encourage support of local businesses
We speak with Alice Maggio, Program Coordinator at Berkshares, Inc., fresh from her trip to the Basque region of Spain. She explains the history of local currencies in the region, and describes her optimism for the use of BerkShares on a wider basis into Berkshire County’s northern extreme.
BerkShares are a local currency for the Berkshire region of Massachusetts. Federal currency is exchanged for BerkShares at six branch offices of three local banks and spent at 400 locally owned participating businesses. The circulation of this local currency encourages capital to remain within the region, building a greater affinity between the local business community and its citizens.