Turn $5 into $10: New Voucher Program Launches to Boost Downtown Waco Business Sales
Press Release – A new voucher program, Biz Bucks, will launch at 8am on Thursday, October 1 as part of the “All in for Downtown Waco” campaign put in place to help support local Waco businesses. The Biz Bucks program aims to boost shopping in historic areas around Waco and was created to help local small businesses who are suffering from the economic impact of COVID-19.
Biz Bucks vouchers can be purchased for $5 each and redeemed for a $10 purchase at participating downtown, uptown, East Waco and La Salle destinations. There will be a total of 3,000 vouchers sold which will be redeemable through November 15.
Community partners including the Greater Waco Chamber of Commerce, City of Waco, Downtown Public Improvement District, City Center Waco, Cen-Tex African American Chamber of Commerce, Cen-Tex Hispanic Chamber of Commerce and Startup Waco are working to promote the initiative through their marketing channels and will be encouraging qualifying businesses to participate in the program.
“The goal of the Biz Bucks voucher program is to provide a way for Wacoans to support local businesses in a meaningful and tangible manner,” said Kris Collins, senior vice president – economic development for the Greater Waco Chamber. “We are honored to partner with other local organizations and help support local businesses that are the heart of our community.” Biz Bucks vouchers can be purchased exclusively online at AllinforDowntownWaco.com.
Purchased vouchers will be mailed or can be picked up from the Greater Waco Chamber, located at 101 S. 3rd St. The cost difference between the $5 voucher and the $10 redemption value will be made up by underwriting partners. Participating businesses will receive reimbursement once collected Biz Bucks vouchers are submitted. Small, locally owned business merchants located in downtown, uptown, East Waco and La Salle areas are invited to participate by visiting AllinforDowntownWaco.com to fill out the application.
“We knew that we wanted to create a program that would provide fast and tangible relief to local merchants that are suffering,” said Collins. “In these rapidly changing times we wanted to develop a way for locals to show support and investment in Waco merchants that benefitted both the merchant and locals. For locals, the ability to purchase a $10 voucher for the price of $5 gives them a cost-savings opportunity. And, for participating businesses the vouchers drive locals into their stores and provide revenues immediately for merchants.”
As the impact of COVID-19 continues to impact local businesses, this Biz Bucks voucher program is hoped to help business owners drive direct local spending to merchants as well as provide a multiplier effect from consumer spending. Increasing local consumer spending is a primary focus of the Biz Bucks voucher program. Not only will it help build a community among Waco locals and Downtown Waco merchants, but will also provide immediate positive effects and build long-term relationships. To guard against fraud, each voucher comes with its own unique serial number and security features. Up to five Biz Bucks vouchers can be redeemed per customer per visit.
“There has never been a better time than now to support Local Businesses and the All in for Downtown program adds even more reasons to visit our Downtown, Uptown, East Waco, and La Salle merchants. Buy your Biz Bucks and you will immediately provide financial support to participating merchants and as a bonus you will get a great discount too,” said Alfred Solano, president/CEO for the Cen-Tex Hispanic Chamber of Commerce.