retirement security, in the form of negotiables, bonds, services, goods.
• Credits issued are valued according to priorities set by PRAISE. • Investors gain ownership that's anchored to region to benefit a community which includes themselves. • Stocks in such companies are benefits transferable to affiliated companies elsewhere. • They receive community Interest in the form of discounts (in advance) & services (including municipal non-utility), standard accrual, authority and honors. • Largest investors are repaid not only directly by direct investment, but by the new markets rising from energy efficiency, discretionary spending, and ecotourism. • Thus, ultimately, investors get to live well in a good community. They provide a heritage for their children and grandchildren. They serve America and the world. EXAMPLE: Joe buys $500 of four-year PRAISE bonds. He receives immediate 8% Community Interest ($40) in the form of discount (>25%) coupons provided by local businesses which themselves receive long-term PRAISE bonds at half the value of the discount given. EXAMPLE: Jessie volunteers 50 hours installing insulation and receives $500 of PRAISE bonds. Interest and principal are repaid as above. EXAMPLE: Ephraim sells a building to PRAISE for $150,000 of PRAISE bonds. EXAMPLE: Elana transfers property development rights valued at $50,000 to PRAISE for a tax deduction plus $10,000 of PRAISE bonds. As PRAISE businesses develop and issue their own store notes (regulated by PRAISE), these investors may select to redeem some of their PRAISE bonds for store notes, or negawatts, or local currency, at principle + another 8% interest ($40). Total interest 16%. The same applies to those who invest volunteer hours doing work needed by any PRAISE business. Hours of labor are paid with PRAISE bonds redeemable for PRAISE goods and services as available.
WHAT COMPANIES? Energy conservation is the foundation of economic development. Millions of dollars yearly kept in Philadelphia, not paid to PECO, is money which can be spent here to stimulate new enterprises and jobs that serve our broader aims. Other basics, like food, water, housing, health care and transportation are top priorities.
FUEL Insulation: countywide would cut our heating/cooling bills by over 80%, giving us discretionary income to support local businesses & farms, thus creating new jobs & strengthening local culture. The foundation of economic development. * Superwindows are translucent walls with R20 and higher. * Cogeneration uses nearly all of other wasted natural gas and heat. * Retrofit walls and attics reduce heating/cooling bills by 80%. * Energy co-ops: solar, wind, hydro * Urban Woodlot/Forest * Depaving FOOD grown locally converts harvests into pasta, canned goods & dehydrated. Food Processing Center: expands local agriculture by enabling farmers to grow for more than the seasonal market. * Bulk Food Center sells the above below commercial rates * Edible Parks and orchards invite free harvest. WATER * Waterless Toilets: replace toxic sewage sludge w/clean, sweet-smelling fertilizer. No more pooping into clean water. * Water Recharge Basins insulate us from drought. TRANSPORT Trollies: connecting neighborhoods car-free. More than transportation, ultralight rail cars can be handcrafted w/inlay wood, stained glass, neon Liberty Bell, musicians on board. Big boost to tourism & transit. * Bike lanes & paths would allow us to move safely without traffic jams & pollution. They permit emergency vehicles to move freely. * Bicycle HPUV manufacture * Street Reclamation HOUSING: Ownership stabilizes neighborhoods, strengthens community participation. Co-housing & Retirement Co-ops: makes life less costly, more energy-efficient and friendly.