Boston's co-op initiative is an important response to gentrification in the city, which often ranks as third- or fourth-most expensive city for housing and has a huge wealth gap between black and white residents Read all about what the city's doing 👇
in federal block grants to fund potential conversions of existing businesses to co-ops, and Miami has awarded $150,000 in grants to give technical assistance to minority-owned businesses considering worker ownership.
So far, 14 of Democracy Brewing’s 32 employees are worker-owners, with more preparing to join. After a year on the job, and some training in business finances, employees can buy a stake for $1,000 and choose to pay for it gradually from their paychecks. They can join the board of directors to take part in major decisions and attend smaller-scale problem-solver meetings every two weeks. If the brewery turns a profit — it’s breaking even so far — it’ll pay the worker-owners a dividend.
Lately, though, the worker co-op movement has grown with the economy, as a response to rising inequality, says Stacey Cordeiro, a co-op organizer at the, which has contracted with the city to help several co-ops. “They want more control over their working lives, more control over their schedules,” Cordeiro says. “They want more control over what clients to serve and how. A lot of times, they want better wages.
At first, Luna and her co-founders searched for a place in the recycling market, but their research suggested, presciently, that the market. Then they learned about a forthcoming Massachusetts environmental regulation that would require all companies generating more than a ton of food waste per week to compost it. They realized businesses needed a smart solution for rerouting it.
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