St. James Town Co-op Timebank
The St. James Town Co-op Timebank allows resident members to exchange skills and knowledge, and gain access to opportunities that enhance employability and create spaces for meaningful social and economic interactions.
St. James Town Co-op Timebank
The St. James Town Co-op Timebank allows resident members to exchange skills and knowledge, and gain access to opportunities that enhance employability and create spaces for meaningful social and economic interactions.
As an intervention, the Timebank allows residents to build working skills and gain Canadian experience in professions that they are qualified and interested in. In 2017, Low Income Families Together published a feasibility study on a Timebank in St. James Town, which found that a Timebank in the community would be a positive thing, especially for youth, seniors, low-income and newcomer populations. The St. James Town Co-op Timebank has been operating ever since.
What is Timebanking?
A Timebank is an economic system that uses the exchange of time instead of money; it focuses on reciprocity and the cultivation of individual and collective skills, and allows members who are youth, newcomers, or seniors to gain experience and contribute to the community.
Timebanks engage members in offering services to other members and “earn” time credits, a form of community currency. Members can then “purchase” services using these time credits. All services are considered equal and each hour of service is valued equally. There is evidence that Timebanks contribute to increased social capital and health in communities around the world. Given that socioeconomic inequities undermine health and well-being, Timebanks present one way to address this social determinants of health through increasing community economic resiliency.
Timebank Listings
Interested in offering or claiming a Timebank listing? Email timebank@stjamestowncoop.org
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The St. James Town Co-op Timebank allows resident members to exchange skills and knowledge, and gain access to opportunities that enhance employability and create spaces for meaningful social and economic interactions.
As an intervention, the Timebank allows residents to build working skills and gain Canadian experience in professions that they are qualified and interested in. In 2017, Low Income Families Together published a feasibility study on a Timebank in St. James Town, which found that a Timebank in the community would be a positive thing, especially for youth, seniors, low-income and newcomer populations. The St. James Town Co-op Timebank has been operating ever since.
A Timebank is an economic system that uses the exchange of time instead of money; it focuses on reciprocity and the cultivation of individual and collective skills, and allows members who are youth, newcomers, or seniors to gain experience and contribute to the community.
Timebanks engage members in offering services to other members and “earn” time credits, a form of community currency. Members can then “purchase” services using these time credits. All services are considered equal and each hour of service is valued equally. There is evidence that Timebanks contribute to increased social capital and health in communities around the world. Given that socioeconomic inequities undermine health and well-being, Timebanks present one way to address this social determinants of health through increasing community economic resiliency.