In these challenging Covid-19 times, trade exchanges are creatively pivoting to provide innovative solutions for their members.
If you have positive news of your own that you'd like to share, please email the information to ron@irta.com.
Thank you and be safe! We will get through this together! Ron Whitney, IRTA CEO
Barron's MarketWatch - Released May 6, 2020
Paul Brandus, historian, author and USA Today/Dow Jones/MarketWatch columnist writes about the useful benefits trade exchanges provide to business owners. The efficiencies and advantages of organized barter networks are contrasted with the inherent limitations of one-on-one trading.
IRTA is quoted throughout the article and readers are referred to IRTA's membership directory to join a local trade exchange.
What most people don’t know is that there is a huge, legal and regulated barter network in the US, codified by a 1982 law signed by President Reagan and enforced by the IRS. It’s within this framework that scores of barter exchanges exist around the US, with each catering in turn to thousands of businesses, usually small ones. Typically, barter transactions between small businesses generate $3 billion to $4 billion in value annually... Read More