JOIN THE CORRENCY PROJECT

Become an issuer of corrents and revive the crisis-stricken economy in your region more effectively than with traditional subsidies

With Corrency, you can support the local economy through its citizens. You donate the corrents to selected groups of people, such as residents of your community, members of an association or your employees. They will spend them together with their own monetary participation in the establishments selected according to your assignment, within a time horizon that you determine yourself.

 

Corrents support and at the same time motivate citizens to spend them. People can cover only part of their spending with them, they will pay the rest with their so-called participation. In the local economy, this multiplies the amount of funds you spend on the issue. The time limit on the validity of corrents ensures that people inject the money into the economy quickly and do not save them on their account for later. The economy will soon recover and trade will move.

 

Thanks to Corrency, you will support the economy much more effectively than with traditional subsidies. An indisputable advantage is that corrents are distributed among merchants directly by the citizens, on the basis of their own consumption preferences, which does not distort the market environment.

 

Get involved↓

WHO YOU CAN SUPPORT

Merchants and services

Restaurants and catering facilities

Culture

Local tourism

Sports clubs and events

Local transporting

BENEFITS OF USING CURRENCY

The main advantages of applying support through the Corrency system compared to direct support to beneficiaries

Multiplying the resulting income to the beneficiary with the same amount of support from the point of view of the town hall

The mere participation of the citizen-consumer, for example, 50% - doubles the final income of the beneficiary in relation to the means of support.

Raise awareness of the supported services

Corrency is not only a powerful marketing tool for reaching new customers from the beneficiary's point of view. Widespread support of demand has a deeper function of enlightening socially beneficial activities, which individual direct support of beneficiaries lacks.

Visibility of the amount of support, ie. merits of the town hall towards each consumer/voter

Increasing the transparency of support

Every citizen-voter automatically has an overview of who and on the basis of what criteria he is supported and the value of the discount for him in the role of citizen-consumer. Corrency ensures transparency between beneficiaries in the same way from the point of view of supported versus unsupported subject/activity.

Increasing the fairness of support

Every beneficiary meeting the given criteria has the opportunity to participate. People decide based on the quality of the service which beneficiary specifically receives the most support in absolute terms.

Social aspect

The area of support means relatively little support per capita in absolute amount. At the same time, it means a significant discount (50%) on the value of purchased goods or consumed services. The assumption is that Corrency will be used primarily by socially weaker citizens.

WANT TO KNOW MORE DETAILS HOW CORRENCY WORKS? HOW TO USE IT IN YOUR CASE OR TO SUPPORT DIFFERENT TYPES OF BUSINESS AND SERVICES?

 

PROJECT SUPPORTERS

Ministry of Industry and Trade of Czech Republic
Ministry of the Interior of the Czech Republic
Association of Small and Medium-Sized Enterprises and Crafts of the Czech Republic
Czech Chamber of Commerce