Community and Economic Development
In the last few years, persistent, high unemployment has taken over as the headline of the Great Recession, driving an urgent need to create more jobs and get Americans back to work. But when the financial crisis first hit, it prompted a wave of anger and criticism against the corporations and financial institutions that own and direct capital across the globe, and its aftermath has continued to expose longstanding fissures in the U.S. on virtually every measure of economic well-being.
The Economic Democracy Training Series is a joint project between the Bronx Cooperative Development Initiative and the MIT Community Innovators Lab. This 10-session, 20-hour series of workshops will introduce community members, residents, youth, and community leaders to major concepts in economic development, political economy, and, most importantly, economic democracy.
This resource is intended to give small business support organizations a background on how the worker cooperative model can help entrepreneurs reach their dreams.
Worker cooperatives have increasingly drawn attention from the media, policy makers and academics in recent years. Individual cooperatives across the country have been highlighted, and substantive studies have been conducted of the worker cooperative experience in other countries, including Spain, Italy, France, Canada and Argentina. But what do we know about worker cooperatives in the US as a whole?
This research paper summarizes an examination of the National Establishment Time Series (NETS) dataset for North Carolina and Iowa to gauge the potential for conversions of existing businesses to worker cooperatives. The data demonstrate that the potential is quite large, and that even if only a fraction of these successfully converted to worker ownership and continued to operate at their last year levels, there would be meaningful economic impacts.