The new budget adopted by the City of New York includes $2.1 million of additional funding for worker cooperatives. A first financing in 2015 allowed the Worker Cooperative Coalition to incubate 24 new worker cooperative small businesses and they are on track to create 194 worker-owner positions by this summer. “Worker cooperative businesses anchor jobs in local communities across the City and build both wealth and civic leadership among low-wage workers. With this increased investment, we can address chronic long-term unemployment and underemployment by supporting the start-up of 29 new worker cooperative small businesses with positions for 295 new worker-owners.” said … Continue reading →