Ithaca Hours is a local currency system that promotes local economic strength and community self-reliance in ways which will support economic and social justice, ecology, community participation and human aspirations in and around Ithaca, New York. Ithaca Hours help to keep money local, building the Ithaca economy. It also builds community pride and connections. Over 900 participants publicly accept Ithaca HOURS for goods and services. Additionally some local employers and employees have agreed to pay or receive partial wages in Ithaca Hours, further continuing our goal of keeping money local.
Why Should I Join?
If you have a business or provide a service there are three main reasons to join the HOURS network.
The main concern a business often has when considering accepting HOURS is what will I do with the HOURS I get from customers or clients? The first thing to note is that you decidewhat rate of HOURS you will accept for purchases or services. Some member businesses accept 100% HOURS but many limit the HOURS they will accept.If you have a business or provide a service there are three main reasons to join the HOURS network.
You should calculate a rate of HOURS that is proportional to your ability to put them back into the local economy. In thinking about this you may be surprised to learn that in fact there are many outlets for the use of HOURS. If you look in the Directory you will find many other places you can easily spend HOURS. Or write us for help (info@ithacahours.org).
If you don’t sell any goods or services there are still good reasons to join Ithaca HOURS. Ithaca HOURS is our local currency. It keeps money local, building our local economy. It builds community pride and connections. And you will be participating in the oldest and largest local currency system in the U.S.
It’s also fun to get and use something other than dollars (remember how much you enjoyed or still enjoy using monopoly money), and unlike monopoly money Ithaca HOURS really are accepted just the same as US dollars at hundreds of Ithaca-area merchants and service providers. But unlike US dollars when you spend an HOUR you know it is going to stay in our community, keep circulating, supporting our economy and maybe even end up right back in your pocket. And also unlike dollars this is your system. You can get to know the people who run the system (HOURS Board of Directors) as well as those business people that accept HOURS, and you can even help make the decisions which make the system run (by attending the Annual Meeting, electing and talking with members of the Board, or even running for a seat on the Board yourself.
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