Moving Past the “Tale of Two Cities”: New York City Enacts First Pro-Worker Cooperative City Legislation in the United States
On March 18, New York City Mayor Bill DeBlasio continued his public support of worker cooperatives as a tool to address economic inequality, signing into law the first ever piece of city legislation to require a city's economic development arm to track municipal support of worker cooperatives. This bill is another highlight in a campaign by the New York City Worker Cooperative Coalition to increase city support for worker ownership. It follows a $1.2 million dollar investment last summer to fund the development of worker cooperatives, the largest to date by a city government. The bill, Intro. 423, will require…
more