In an effort to make holiday shopping easier for recession-pinched families, and to stimulate its shopping district, Collingswood is giving away free money for its third annual Collingswood Cash promotion.
Starting on Monday, November 22, shoppers who purchase $50 in Collingswood Cash—the borough’s equivalent of a gift card—will receive $70 to spend anywhere in town. For every $50 spent, they will receive an additional $20. Shoppers can do this up to a total of $500, which essentially means $200 in free cash is available for those who want to shop in Collingswood’s vibrant downtown.
According to Mayor Jim Maley, this program has brought in more than $750,000 to Collingswood businesses over its three-year history.
The giveaway is financed by Business District Improvement funds, a tax paid by all business owners in town that goes toward events, advertising and improvements. Participating merchants agree to accept the certificates and then redeem them for cash.
If you’re interested you should act quickly. In previous years, the promotion sold out in a matter of hours, with shoppers forming long lines around selling locations in town. The giveaway has a ceiling of $40,000, so the bonus cash is on a first-come, first-served basis.
The bonus cash expires on March 31, 2011. The promotion also comes with a holiday coupon book from local businesses that have decided to deepen their discounts.
For a list of locations for purchasing the promotion, visit http://www.collingswood.com/.