Barter service expands in Rockland County
Hudson Barter Exchange, a recent business startup that brings businesses together to make deals without cash, is expanding from its initial service territory of Westchester County into Rockland County.
The Elmsford-based company said that it has added over 160 members since it opened nine months ago. Trading volume on the barter site has doubled every month during that time, according to the company.
In Rockland, businesses that have signed up to use the barter service include an advertising company, a pest control buiness, a photography studio, a pet spa and a dental office.
Barter has become a popular way for many businesses to trade services with each other during the recession that has eroded sales and dried up available cash to make standard purchases.
Nearly 400,000 businesses nationally now barter for services, according to the National Association of of Trade Exchanges. Across the country, 350 local barter exchanges allow thousands of small and mid-sized businesses to exchange services with each other. The exchange takes a 6 percent commission from each side in a transaction.
Kevin Brown, co-principal of Hudson Barter Exchange, said that the barter service can help businesses attract new customers and manage cash flow.
“These are just two of the many benefits of bartering that (the exchange) now brings to Rockland County,” Brown said.