Hallets Point Worker Co-op Plan to Bring Jobs and Lets Staff Become Owners

A local nonprofit is looking to create more jobs for residents at the Astoria Houses by starting "worker cooperatives," where employees will have the option to buy shares and become part-owners of the companies they work for.

Urban Upbound plans to start a number of worker-owned businesses that will employ residents of the NYCHA complex in the Hallets Point peninsula, where the group says 47 percent of tenants are unemployed or underemployed.

Read the full article at DNAinfo

 

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