Google have released Local Places and Google Offers in beta:
Google Local Places
Currently only in Portland in the US, it is anticipated that Google’s Local Places will be rolled out globally over the coming year. This will allow users to search in their own city and to get information and recommendations specific to their location, with descriptive words added to search results to give users a better idea of what the place is like.
Seemingly working much like Groupon, Google Offers provides location specific offers from various local businesses.