NEBRASKA COMPANY PAYS BONUSES IN $2 BILLS

In a move intended to boost spending in the central Nebraska city of Grand Island, ammunition company Hornady Manufacturing has issued employee cash bonuses in the form of $2 bills, with a request from management to spend the money in town.

The company recently handed out $61,000 worth of $2 bills to its employees as part of the company's annual bonus pay, company vice president Jason Hornady told the Grand Island Independent.

Getting his hands on 30,500 $2 bills takes some doing, Hornady said. He orders the bills from a bank about a month in advance.

Hornady Manufacturing is one of Grand Island's leading employers with more than 300 people on its payroll.

Hornady said the pay envelope with the $2 bills is just part of employees' bonus pay.

"They also receive a nice check and a deposit into their 401(k)s," he said. "But we ask them with the $2 bills to go spend it around town and make sure people know that we, as a family — meaning the whole employer/employee base — support Grand Island, and we spend money here."

The $61,000 in cash bonuses is a 27 percent increase from last year's $48,000 in cash bonuses — also distributed in $2 bills.

To read the complete article, see: Nebraska ammunition company gives employees bonuses in $2 bills, tells them to spend in town (www.therepublic.com/view/story/9d14df9176dd463287be020f8ab80e75/NE--2-Bill-Bonuses)

Wayne Homren, Editor

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