Oakland Is Claiming Its Worker Cooperative Capital Title




 By: Malcolm Burnley
 (Originally published September 22, 2015)


 "[O]n September 8th, the City Council made good with a ceremonious resolution 'supporting the development of worker cooperatives in Oakland.'

Among other items, the move recognized that these sorts of businesses — estimated to number between 300 and 400 nationally — offer wages and benefits above industry averages. The resolution, too, was a tacit acknowledgement from Council that the city will look for ways to support co-ops down the road . . .

What that municipal support might look like is to be determined. But in a draft ordinance authored by the Sustainable Economies Law Center (SELC), one of the organizing forces behind the referendum, the wish list for worker co-ops includes: getting the city to offer low-interest loans for converting traditional businesses into worker co-ops; preferential status to co-ops in the city contract procurement process; and waiving taxes and permit fees in the initial year of existence."

Read the full article on Next City

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