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Catalyzing worker co-ops & the solidarity economy

Co-ops remain sturdy businesses

You can argue that the economy has largely bounced back from the state it was in seven years ago, but it's no secret that traditional community economic development models have stalled and often fail.

But one approach to community economic development is rapidly gaining attention: cooperative business development.

Historically, many co-ops in energy, telecommunications, finance and agriculture have exhibited greater resilience than investor-owned firms and provided enhanced development returns to their local communities. Public entrepreneurs and government officials need to be made aware that co-ops can spur job growth, boost local economies and bring about greater resilience due to their community-service orientation.

Read the rest at the News-Gazette (Champaign, IL)

 

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