June 15th update:
Thank you the the INCREDIBLE showing of support! The June 15th state budget did not ultimately include this emergency state budget request for forgivable loans, education, and outreach to transition small businesses to worker ownership. WORC is proud of the immense legislative and grassroots support garnered in its budget campaign and is in a strong position to secure this funding in a second budget bill later this summer. Please endorse this page to show your support and receive call to action announcements!
State budget campaign
In the midst of this tragic and transformative moment, the Worker-Owned Recovery California (WORC) Coalition is racing against the clock to intervene in California's second state budget bill later this summer. Our goal is to ensure that worker-owned businesses are included in California's economic recovery efforts and, to that end, we are advocating for $10M to fund education, technical assistance, and forgivable loans to businesses that transition to worker ownership. This budget request was submitted for the June 15th budget with the backing of State Assemblymembers Chu, Kalra, Gonzalez, Limón, Bloom, Bonta, and Chiu, and will preserve the economic backbone of our state, reward both workers and selling business owners, and set California on the path to a more equitable economy! WORC will introduce a similar request again for the "Budget Bill Jr." later this summer.
About our policy agenda
As small businesses continue to tread water, business owners who are searching for an exit will be hard-pressed to find a buyer. Instead of selling to large, out-of-state buyers or closing up shop for good, business owners may find willing buyers in the very people who work alongside them every day: their workers. By supporting the transition of small businesses to worker-ownership, the State of California will preserve jobs and businesses, reduce strain on its social safety net, anchor community access to essential goods and services, and cultivate a new generation of worker-owners who have a say in their workplace and share in the profits of their work.
The Worker-Owned Recovery California (WORC) Coalition was formed to advance a comprehensive state policy agenda that addresses the dual crises of the COVID-19 economic crisis and the Silver Tsunami of retirement-age Baby Boomer business owners. Our immediate work influencing the state budget is complemented by our efforts to educate and engage the Governor's Business and Jobs Recovery Task Force and legislators as we position ourselves to introduce bold state legislation in 2021.
Members of the WORC Coalition include: Sustainable Economies Law Center, US Federation of Worker Cooperatives, Democracy at Work Institute, California Center for Cooperative Development, Project Equity, Lawyers’ Committee for Civil Rights of SF Bay Area, Certified Employee-Owned, and the worker cooperative A Slice of New York.
Questions? Reach out to WORC Coalition Coordinator and Law Center Policy Director & Staff Attorney, Yassi Eskandari email@example.com.
Urge the state legislature to invest in a worker-owned future.
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