Project to promote local trade and social cohesion
A participatory process is a sequence of participatory activities (e.g. first filling out a survey, then making proposals, discussing them in face-to-face or virtual meetings, and finally prioritizing them) with the aim of defining and making a decision on a specific topic.
Examples of participatory processes are: a process of electing committee members (where candidatures are first presented, then debated and finally a candidacy is chosen), participatory budgets (where proposals are made, valued economically and voted on with the money available), a strategic planning process, the collaborative drafting of a regulation or norm, the design of an urban space or the production of a public policy plan.
The project was approved within the framework of the City Agreement to revitalize and reactivate the economic activity of Sant Feliu by providing the city with a currency that increases the impact of public spending on local commerce.
The specific objectives of the currency are to reinforce the current commercial hubs and link them with other activities and the local population, reversing the risk of desertification of the streets; promoting consumption in local businesses, the local economy and encouraging mutual purchase circuits; encouraging commercial digitization to become more competitive; and promoting consumption in areas with less economic activity.
The local currency also provides benefits for the different agents involved. The benefits for citizens are access to bonuses, instantaneous and secure payments, citizen commitment to the local economy, the creation of a network and the revitalization of the city's neighborhoods, since money circulates in the neighborhood, they promote local employment and provide economic and social support to businesses, entities and local projects.
The citizen currency also has different benefits for local commerce, since it increases turnover by improving its competitiveness, increases clientele and loyalty, encourages the digitization of local commerce, promotes new consumption habits, encourages recirculation through the B2B system and increases the impact and economic multiplier effect of local spending.