New York City Invests In Worker Cooperatives
A diverse coalition achieves unprecedented support for the worker cooperative movement from the New York City Council On Thursday, June 26th the New York City Council will vote to approve the city's annual budget, which contains a $1.2 million initiative to fund the development of worker cooperatives. This investment – the largest to date by a city government – represents an endorsement of worker cooperatives as a means of creating quality jobs and anchoring businesses in local communities. Melissa Hoover, the executive director of the US Federation of Worker Cooperatives and the Democracy at Work Institute stated, “This is a…
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