Urban Renewal through Power Currency
Background
- Former industrial town facing economic depression
- High unemployment rate
- Foreclosure crisis
Implementation Strategy
1. Local Currency Issuance
- Energy-backed scrip for partial wage payments
- Acceptance for local taxes and services
2. Energy Production Initiatives
- Conversion of vacant lots to small-scale energy production sites
- Incentives for rooftop solar installation
3. Local Business Engagement
- Encourage acceptance of energy-backed currency
- Support for energy-efficient upgrades
4. Workforce Development
- Training programs for renewable energy jobs
- Support for energy-related entrepreneurship
Outcomes
| Metric | Result |
|---|---|
| Unemployment rate reduction | [Project based on job creation model] |
| Increase in local energy production | [Estimate based on implementation] |
| Number of homes saved from foreclosure | [Estimate based on economic impact] |
| New businesses opened | [Track energy-related and supporting businesses] |