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Catalyzing worker co-ops & the solidarity economy

The Power of Local Money for a Thriving Local Economy

Established in 2013, Co-op Cred was structured as a complementary currency in part to help those receiving social assistance avoid higher deductions taken on their income. By providing compensation in cred, the program permitted participants to maintain their benefits payments.

Unfortunately, Co-op Cred petered out shortly after the West End Food Co-op closed in 2018. The store’s landlord, a community health center, needed the space for its own expansion, and the co-op was unable to secure another affordable location.

“I wish it was still there,” Lapenna says. “I miss working there.”

Read the rest at YES! Magazine

 

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