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A money manager in western Massachusetts is giving his employees a big holiday bonus with instructions to spend it a way that boosts the regional economy. The Berkshire Eagle reports that Allen Harris of Berkshire Money Management in Dalton gave all of his 11 staff members $10,001 – and the only requirement to spending the money is that they must shop local.
Last year, Harris gave each of his employees a $2,500 bonus, with the same instructions on how to spend the money. This year he decided to quadruple the bonus in an effort to keep local businesses afloat during what has been a hard economic year for many small businesses.
Employees are asked to “go as ‘mom and pop’ as you can” when spending their bonuses, Harris told The Eagle.
Money manager Allen Harris has a reputation for going big. Last year, Harris gave $2,500 to each employee at his company, Berkshire Money Management, and told them to splurge on gifts from themselves and others, with one caveat: Shop local. https://t.co/g09pqhf7zy
— Berkshire Eagle (@BerkshireEagle) November 16, 2020
Harris states that his company had a great financial year, thanks to a strong stock market. In addition, his business was deemed as ‘essential’ and was able to remain open during various COVID-19 shutdowns.
You can read the full story from The Berkshire Eagle here.