On May 30, 2012, Google announced the roll out of Google+ Local. This new socially integrated product replaces Google Places. Google+ Local is accessible from your Google+ profile by clicking the "Local" icon on the left-hand side of the page. There's much speculation about the change - the implications for local businesses, SEO, etc. Google says the move is to create a "simple way to discover and share local information featuring +ZAGAT scores and recommendations from people you trust in Google+."
Unlike Google Places pages, Google+ Local pages ARE indexable in the organic search results, so businesses interested in improving their organic search visibility should learn as much as they can about this change!
Other Helpful Links:
What Happened to Google Places?
Will I Lose My Google Places Reviews?
Google+ Local Replaces Google Places