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Catalyzing worker co-ops & the solidarity economy

USFWC Celebrates Passing of First National Legislation for Worker Cooperatives

As the national membership organization for worker cooperatives and democratic workplaces, the U.S. Federation of Worker Cooperatives applauds this bipartisan effort to improve small business loans and outreach for employee ownership.

The U.S. Federation of Worker Cooperatives (USFWC) thanks U.S. Senator Kirsten Gillibrand in the Senate and Congresswoman Nydia Velázquez in the House of Representatives, as well as support of co-sponsors Senator James Risch (R-ID), Chair of the Committee on Small Business and Entrepreneurship, U.S. Senator Ben Cardin (D-MD), Ranking Member of the Committee on Small Business and Entrepreneurship, and U.S. Senators Todd Young (R-IN), Jeanne Shaheen (D-NH), Susan Collins (R-ME), and Cory Booker (D-NJ) for their support of the first employee ownership-focused law in more than twenty years.

“This is an extraordinarily important opportunity for workers and businesses-owners in need of a strong succession strategy. This legislation is a milestone for our work in advancing worker-owned and worker-managed cooperative businesses. We believe that broader awareness of employee ownership will be game-changing for America’s small business community.” said Esteban Kelly, Executive Director of the U.S. Federation of Worker Cooperatives.

Read the rest at the U.S. Federation of Worker Cooperatives

 

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