Rochester Mayor: Investing in Co-ops Builds “Stairway Out of Poverty”
Rochester Mayor Lovely Warren announces an amazing city initiative to build community wealth. We’ve been working with the Rochester municipal government to develop a plan to uplift communities by investing in worker-owned businesses, inspired in part by the Evergreen Cooperatives in Cleveland. As this article from Next City describes, the plan involves the creation of a community-owned and -operated “Market Driven Community Cooperatives Corporation” to oversee the effort.
The city of Rochester, with Mayor Lovely Warren at the helm and supported by partners and allies across New York State and beyond, has hatched a plan to tap into at least that much to help level the economic playing field for Rochester’s most disadvantaged neighborhoods. “It’s about being able to give employees an opportunity to have ownership and to build wealth within their own communities,” says Warren. The plan consists of supporting the creation or growth of cooperatively owned businesses located primarily in the city’s most distressed neighborhoods… Read full article.