Common Good Finance is a 501(c)(3) nonprofit organization incorporated in Massachusetts.
We envision a society in which communities everywhere gather to decide for themselves what their funding priorities should be. For example, communities might choose to fund sustainable agriculture and energy systems and local self-reliance. Communities might choose to ensure that everyone has healthy food, a home, healthcare, satisfying work, and a livable world -- a Common Good Economy.
Our mission is to design and create the framework for that new economy by integrating a fast-growing mutual credit system with a new type of bank account, so that community-centered decision-making, money-creation, innovation, cooperation, and economic justice can connect seamlessly to the current mainstream economy. This hybrid system lets us have tomorrow's economy today -- serving also as a transitional system that can lead us quickly to a society that benefits everyone.
To that end, we plan to launch rCredits, a community-created credits system, in Greenfield, Massachusetts, in early 2013. After the concept is proven, more communities can launch rCredits so that, over time, there will be a network of rCredits communities.