Pepsi's Stimulus Plan: Putting Up Money To 'Refresh' Communities

Thanks GENWOW for this on Pepsi's impressive take on how to engage with communities... going to be interesting to follow this one.

Call it the American Renewal and Refreshment Act.

First, Pepsi seemed to have taken its cue from Barack Obama when it refashioned its logo.

Now, it appears to be stealing a page from the Obama administration with the "Pepsi Refresh Project," a campaign designed to pay up to $20 million for projects people create to "refresh" their communities.

The whole thing gets underway in tomorrow's (Tuesday"s) Wall Street Journal and USA Today. According to the AP, the effort will fund thousands of projects, and could involve getting other businesses to participate. Consumers will list their projects online and vote on winners.

Not to be outdone, Coca-Cola seems to be taking a cue from Obama's diplomatic overtures in a campaign that will send three people - chosen by online voters - to 206 countries as part of its ongoing "Open Happiness" campaign.

How all this plays in 2010 - think about those president's-party-on-the-outs mid-term elections - remains to be seen.

Will Pepsi move past Obama to whatever's next to capture the zeitgeist?

Now that would be refreshing.

Read more, here.