Public policy can also give cooperatives a leg up. At the local level, New York City started its Worker Cooperative Business Development Initiative in 2014. U.S. Federation of Worker Cooperatives Executive Director and U.S. Co-ops board member Esteban Kelly says that helped the city go from fewer than two dozen worker cooperatives to having the most in the nation: more than 130 as of spring 2020. The city recently called worker ownership a “resilience strategy” for struggling business owners, and during the pandemic the city launched programs to help them sell their businesses to their workers.
Read the full article: https://www.bloomberg.com/news/features/2021-03-31/employee-co-ops-need-financing-these-impact-investors-want-to-help
