Ithaca Local Economy Lab -- Radical Experiments in Business and Community

Dia, local economy nerd

Ithaca Local Economy Lab Real experiments in 'radical' alternative economics — from one unusually interesting small city Ithaca, NY once printed its own money. Ithaca HOURS circulated for decades, valuing a plumber's hour the same as a professor's, keeping millions of dollars of spending power inside the community. It was radical. It worked. And it was just the beginning. Today, a worker cooperative runs one of the best-loved coffee shops in town. A shared commercial kitchen has made food entrepreneurship accessible to people who couldn't otherwise afford the infrastructure. A fiber cooperative is doing the slow, deliberate work of rebuilding a regional textile economy from sheep to shelf. An antique mall operates as a genuine community enterprise. A local business runs on gifting — and is still standing. Ithaca Local Economy Lab documents these experiments across regenerative, circular, solidarity, and gifting economies. Hosted by Dia, local economy nerd and community-minded neighbor, each episode is a real conversation with the people inside one of these models. The reality of how it was built, how it's financed, what it's taught them, where things went wrong, and how others can learn the lessons. Inside the show: Ithaca HOURS: the local currency that kept money working locally and what it proved LocalFiber: regenerative fiber production and a blueprint for local textile economies Shared Kitchen Ithaca: circular infrastructure that removes the capital barrier from food entrepreneurship Gimme Coffee Cooperative: solidarity ownership in daily practice, governance, profit-sharing, hard decisions Found in Ithaca: what happens when an antique mall becomes a genuine community enterprise The gifting economy: one Ithaca business proving generosity can be a sustainable model For entrepreneurs in smaller cities building something that lasts. For curious people who want examples over arguments. For anyone who's ever thought: the economy is a design, not a law of nature — so who gets to redesign it? Ithaca has been answering that question for over thirty years. Come listen. 📅 New episodes monthly on the first Thursday 🌐 IthacaLocalEconomyLab.com ⭐ Support independently: patreon.com/Practicalmuse

Episodes

  1. Grounds for Change - How a Cup of Coffee Makes for a Better Economy

    Jun 4

    Grounds for Change - How a Cup of Coffee Makes for a Better Economy

    In this episode, Claire Christensen shares the inspiring story of Gimme! Coffee's transition to a worker-owned cooperative, illustrating how business models rooted in shared ownership can promote community engagement, environmental responsibility, and employee empowerment. Main Topics: The origins and evolution of Gimme! Coffee from a local coffee shop to a worker-owned cooperativeThe process and challenges of transitioning to a cooperative model during the pandemicHow profit sharing, governance, and decision-making work within a worker-owned businessThe role of community engagement and environmental sustainability in Gimme! Coffee’s missionBenefits, commitments, and how employee ownership influences workplace cultureThe impact of cooperative principles on business stability and community relationshipsFuture plans for expansion, new product development, and business stability through property ownership Resources & Links: Gimme Coffee WebsiteFair Trade AmericaWorker-Owned Cooperatives in the USCooperative PrinciplesFairtrade Premium Projects, detailing how premiums are used for community development and environmentResources & Links: https://IthacaLocalEconomyLab.comJake Gribschaw - Technical Advisor https://www.linkedin.com/in/jgribschawStacey Cornelius - Associate Producer https://agencyofwords.comSonia Simone - Content Strategist https://remarkable-communication.comErin O'Shaughnessy - Creative Consultant https://www.psychologytoday.com/us/therapists/erin-o-shaughnessy-depoe-bay-or/373808Yen Ospina - Artist http://yenospina.comCarsie Blanton - Musician http://carsieblanton.com

    49 min
  2. Ithaca HOURS - The Most Important Economic Experiment You've Never Heard Of

    May 8

    Ithaca HOURS - The Most Important Economic Experiment You've Never Heard Of

    What If Your Town Printed Its Own Money — And It Actually Worked? In 1991, as the U.S. economy stumbled through recession, a community organizer in Ithaca, New York did something radical: he printed money. Not counterfeit dollars — something more interesting. A labor-backed local currency called Ithaca HOURS, where one note equaled one hour of work, equaled ten dollars, and could only be spent right here in town. For more than two decades, it worked. In this episode, Dia sits down with Steve Burke, former president and board member of Ithaca HOURS, for an honest, detailed account of what happened. The Problem Ithaca HOURS Was Built to Solve Ithaca in the early 1990s was a town of wage struggle and economic anxiety. Workers were paid too little. Dollars flowed in, then immediately flowed out to distant corporations. Local businesses competed against national chains with no structural advantage. Paul Glover, the currency's founder, understood that money is not inherently valuable. It is valuable because a community agrees it is. If a community could agree to believe in something new, and back it with real labor and goods, they could create economic gravity that kept wealth local. That insight became Ithaca HOURS. How You Build Trust in a Currency From Scratch Steve walks us through the unglamorous, essential work of building belief: community meetings, early adopter lists, handshake agreements with local businesses, and the slow accumulation of a directory that proved the currency could actually be spent. At its peak, over 500 businesses and thousands of individuals participated. HOURS funded loans to local entrepreneurs and grants to nonprofits. Music stores, bookshops, farmers, landlords, healers, and carpenters all joined the network. Why It Declined — And What Actually Killed It The decline of Ithaca HOURS wasn't a single failure, it was a collision of forces: the rise of credit cards (which made cash-adjacent systems feel clunky), the shift to online commerce (which rewarded national platforms over neighborhood networks), Paul Glover's eventual departure from Ithaca, and the organization's inability to transition from paper to a digital infrastructure. By 2015, Ithaca HOURS had wound down. The Questions This Episode Leaves You With Could it happen again? Steve thinks yes — but differently. Dia suggests perhaps a digital local currency with modern infrastructure, institutional backing, and a clear circulation strategy could address the structural weaknesses that paper HOURS couldn't. Steve raises something worth sitting with: as electronic currencies become more prevalent, the question of transparency and government oversight becomes urgent. Who controls the black box? Who audits the ledger? Community currencies of the future will have to answer those questions before they launch, not after. What You'll Take Away This conversation is part history lesson, part governance case study, part meditation on what money is really for. Whether you're curious about local economics, community resilience, alternative finance, or just a great Ithaca story — this episode delivers. 🔗 Resources Ithaca HOURS ArchiveAlternatives Federal Credit UnionBerkShares — Local Currency in Massachusetts Ithaca Local Economy Lab is a podcast about the people, models, and ideas building a more resilient local economy — one conversation at a time.

    51 min
  3. Found: One of the Most Radical Stores in Ithaca Doesn’t Look Radical at All

    Apr 16

    Found: One of the Most Radical Stores in Ithaca Doesn’t Look Radical at All

    Vanessa Weber and Jeremiah Signo are turning a local antique mall into a thriving, community-centered enterprise through creative ownership, vendor collaboration, and strategic moves—all while navigating the challenges of small-town retail. This episode explores the intricate workings of their business model, the power of local relationships, and plans for expansion and community engagement. In this episode: The origins of Found in Ithaca and Vanessa's vintage and antique passionsThe unique buyout model used to acquire the business without traditional bank financingDetails of the operation: vendor-managed booths, commissions, and furniture salesChallenges and strategies in relocating from an old building to a creatively refurbished spaceThe importance of local, community-driven economy and vendor relationshipsInsights into the renovation process of Southworks and the collaborative design visionThe role of community support and small-town relationships in business successFuture plans: programming, community events, and space expansionThe significance of maintaining a welcoming, high-end boutique atmosphereThe intersection of local art, mutual aid, and sustainable retail practices Resources & Links: Found in Ithaca https://FoundinIthaca.com Facebook: https://www.facebook.com/foundinithaca/ Instagram: https://www.instagram.com/foundinithaca/ Patricia “Patty” Brown - https://integratedbv.com Creative ReUse - https://www.rachelfeirman.com/creativereuseofithaca Facebook https://www.facebook.com/p/Creative-Reuse-of-Ithaca-61575877676117 Instagram https://www.instagram.com/creativereuseofithaca Ithaca Murals: https://www.ithacamurals.com Join the conversation and stay inspired about local economies and community-driven retail! http://IthacaLocalEconomy.com

    1h 10m
  4. LocalFiber - Weaving a New Economy From the Ground Up

    Mar 29

    LocalFiber - Weaving a New Economy From the Ground Up

    Explore the journey of natural fiber production, from raising goats to handcrafting textiles, and discover how local fiber collectives are fostering sustainable, community-centered economies. Lisa Ferguson shares her insights on building relationships, educating consumers, and creating a resilient regional fiber industry. Key Topics: The role and mission of the Local Fiber Collective in Central New YorkThe process of turning fiber into finished products: from goat to sweaterValuing quality and natural fibers over fast fashion's low-cost, short-lived clothingBuilding customer relationships through storytelling and transparencyThe importance of collective care and fair pricing among fiber farmersChallenges faced by fiber collectives, including volunteer engagement and organizational identityOpportunities for newcomers: joining collectives as farmers or makersAdvice for starting a similar community-driven fiber initiative elsewhereTimestamps: 01:31 - How Lisa got into goats and fiber farming, inspired by natural fibers 03:19 - The community aspect of fiber farming and connection with other farmers 04:26 - How Lisa joined the Local Fiber Collective and its growth 05:38 - Membership details and the regional scope of the collective 07:30 - The fiber chain: from goats to finished garments 08:49 - The processing steps: shearing, skirting, washing, spinning, dyeing 11:15 - Building customer trust through storytelling and transparency 12:31 - How natural fiber production educates and reconnects consumers with craft skills 14:20 - The collective approach to fair pricing over competition 15:14 - The benefits of natural fibers versus fast fashion products 16:37 - Environmentally conscious farming practices in the collective 18:42 - Challenges of maintaining interest and organizational clarity 19:01 - The importance of mentorship and community support for new farmers 22:02 - Advice for starting similar collectives outside Ithaca 23:44 - Building community through local events and shared purpose 25:49 - Challenges: volunteer engagement, organizational structure, funding Resources & Links: Local Fiber CollectiveLaughing Goat Fiber Farmhttps://IthacaLocalEconomyLab.comThe Practically Real Team: Jake Gribschaw - Technical Advisor https://www.linkedin.com/in/jgribschawStacey Cornelius - Associate Producer https://agencyofwords.comSonia Simone - Content Strategist https://remarkable-communication.comErin O'Shaughnessy - Creative Consultant https://www.psychologytoday.com/us/therapists/erin-o-shaughnessy-depoe-bay-or/373808Yen Ospina - Artist http://yenospina.comCarsie Blanton - Musician http://carsieblanton.com

    31 min
  5. Beyond Insurance - The Healthcare Model That's Changing Everything

    Mar 29

    Beyond Insurance - The Healthcare Model That's Changing Everything

    Beyond Insurance - The Healthcare Model That’s Changing Everything Discover how healthcare is transforming with an innovative direct primary care model, offering affordable, accessible, and relationship-based health solutions in Ithaca. Learn why this model is gaining momentum as a sustainable alternative to traditional insurance-based healthcare. Key Topics The limitations of the current patient care system and the complexities of insuranceHow direct primary care (DPC) simplifies access and reduces costsCost savings with DPC, including cheaper labs, imaging, and medicationsThe role of DPC in managing emergencies and routine health needsHow DPC offers tailored services like men's and women's health, hormone therapy, and home visitsThe impact of DPC on practitioner burnout and patient satisfactionStrategies for starting or joining a DPC practice, including low overhead requirementsThe future of healthcare: people-over-profit and a return to personalized careContact details: homesteadyhealth.com and 607-882-6001 Resources & Links Homesteady Health - https://homesteadyhealth.comHomestead Health on Facebook - https://www.facebook.com/homesteadyhealthHomestead Health on Instagram - https://www.instagram.com/homesteadyhealth/Thanks for listening! Don’t forget to share this episode, rate, review, and subscribe to support the local economy conversations. For more resources and to connect with hosts, visit https://ithacalocaleconomylab.com The Practically Real Team: Jake Gribschaw - Technical Advisor https://www.linkedin.com/in/jgribschawStacey Cornelius - Associate Producer https://agencyofwords.comSonia Simone - Content Strategist https://remarkable-communication.comErin O'Shaughnessy - Creative Consultant https://www.psychologytoday.com/us/therapists/erin-o-shaughnessy-depoe-bay-or/373808Yen Ospina - Artist http://yenospina.comCarsie Blanton - Musician http://carsieblanton.comConnect with Dia on Patreon: https://patreon.com/Practicalmuse?utm_medium=unknown&utm_source=join_link&utm_campaign=creatorshare_creator&utm_content=copyLink

    30 min
  6. Caring for People and the Environment: An Introduction to the Ithaca Local Economy Lab

    Season 1 Trailer

    Caring for People and the Environment: An Introduction to the Ithaca Local Economy Lab

    This episode is an introduction to the podcast themes and reveals the fundamental questions behind creating economic systems that prioritize human well-being. Hosted by Dia, the podcast explores radical economic experiments in Ithaca, from local currencies to community-driven finance, offering insights for anyone interested in rebuilding economies from the ground up. Key topics: The core question: What would an economy built to care for people look like?The importance of relationship-building and cultural shifts in economic transformationExamples of radical economic experiments in Ithaca, including local currencies and cooperative ownership modelsThe role of trust, skills, and community in shaping new economic systemsThe purpose and vision behind the Ithaca Local Economy Lab initiativeThe team behind the podcast, including production and creative contributorsHow these Ithaca stories serve as models for other communities worldwideThe podcast's release schedule of first and third Thursdays and access details via Patreon and websiteTimestamps: 00:04 - What if the economy was designed to prioritize caring for people? 00:33 - Introducing the Ithaca Local Economy Lab and its focus on radical economic experiments 01:00 - The team behind the podcast and its production details 01:34 - Closing remarks and gratitude from the creators Resources & Links: https://IthacaLocalEconomyLab.comJake Gribschaw - Technical Advisor https://www.linkedin.com/in/jgribschawStacey Cornelius - Associate Producer https://agencyofwords.comSonia Simone - Content Strategist https://remarkable-communication.comErin O'Shaughnessy - Creative Consultant https://www.psychologytoday.com/us/therapists/erin-o-shaughnessy-depoe-bay-or/373808Yen Ospina - Artist http://yenospina.comCarsie Blanton - Musician http://carsieblanton.comConnect with Dia: https://patreon.com/Practicalmuse?utm_medium=unknown&utm_source=join_link&utm_campaign=creatorshare_creator&utm_content=copyLink

    2 min

Trailer

Ratings & Reviews

5
out of 5
4 Ratings

About

Ithaca Local Economy Lab Real experiments in 'radical' alternative economics — from one unusually interesting small city Ithaca, NY once printed its own money. Ithaca HOURS circulated for decades, valuing a plumber's hour the same as a professor's, keeping millions of dollars of spending power inside the community. It was radical. It worked. And it was just the beginning. Today, a worker cooperative runs one of the best-loved coffee shops in town. A shared commercial kitchen has made food entrepreneurship accessible to people who couldn't otherwise afford the infrastructure. A fiber cooperative is doing the slow, deliberate work of rebuilding a regional textile economy from sheep to shelf. An antique mall operates as a genuine community enterprise. A local business runs on gifting — and is still standing. Ithaca Local Economy Lab documents these experiments across regenerative, circular, solidarity, and gifting economies. Hosted by Dia, local economy nerd and community-minded neighbor, each episode is a real conversation with the people inside one of these models. The reality of how it was built, how it's financed, what it's taught them, where things went wrong, and how others can learn the lessons. Inside the show: Ithaca HOURS: the local currency that kept money working locally and what it proved LocalFiber: regenerative fiber production and a blueprint for local textile economies Shared Kitchen Ithaca: circular infrastructure that removes the capital barrier from food entrepreneurship Gimme Coffee Cooperative: solidarity ownership in daily practice, governance, profit-sharing, hard decisions Found in Ithaca: what happens when an antique mall becomes a genuine community enterprise The gifting economy: one Ithaca business proving generosity can be a sustainable model For entrepreneurs in smaller cities building something that lasts. For curious people who want examples over arguments. For anyone who's ever thought: the economy is a design, not a law of nature — so who gets to redesign it? Ithaca has been answering that question for over thirty years. Come listen. 📅 New episodes monthly on the first Thursday 🌐 IthacaLocalEconomyLab.com ⭐ Support independently: patreon.com/Practicalmuse