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Pleasant Hill says holiday PERCS bonus-card program circulated most of a $20,000 city investment back into local businesses
Summary
City staff told the Economic Development Committee the $20,000 PERCS bonus-card program largely converted into local spending, reporting about a 90% redemption rate and roughly $17,675 accounted as activated; unused bonus balances return to the city after final accounting.
City economic development manager Brett Street reported to the Economic Development Committee on March 18 that a $20,000 city allocation for the holiday PERCS bonus-card program largely returned to local businesses and produced strong participation.
"This is sort of the $20,000 that you had in the August and used for this," Street said, describing the program…
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