Worker Cooperatives and Their Role in the Changing Economy

Despite their rich history both in the United States and internationally, worker cooperatives are now starting to gain momentum with local power players as a legitimate local economic development strategy. New York City, Austin, and Madison have all passed municipal efforts to explore and even fund the development of cooperatives as a means to reinvest in the community and build broad-based wealth. These beginnings may seem small and humble, but have the potential for creating a ripple effect as cities often look to their peers when exploring new policies and strategies for growth. As municipalities and states begin to look to worker cooperatives as vehicles for growth, they can continue building networks of cooperatives that foster local and even regional growth. The worker cooperative is in a prime place to prove there is nothing more contagious than a good idea.

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