Community Wealth Blog
In March 2015, the Brooklyn-based online handicrafts marketplace Etsy became the largest certified B Corporation to sell shares in an IPO; it is one of only a few to do so. Etsy raised $267 million.
During the United States Federation of Worker Cooperatives membership meeting this past July in Austin, Texas, the Federation shared with its membership the newly created Racial and Economic Justice Member Council. The Council is hoping to facilitate the Federation’s adoption of three more principles that will guide worker cooperatives. This marks an important institutional change, as organizations strive to create and sustain racial and economic justice.
The presence of the 2016 Republican National Convention cast a national spotlight on Cleveland, Ohio. Looking to highlight the struggles and hopes of ordinary low-income local residents, many visiting journalists found their way to the Evergreen Cooperatives, a group of three linked employee-owned social enterprises based in the Greater University Circle area of Cleveland's East Side.
After a drawn-out legal process, Green Taxi Cooperative received approval to operate its 800 driver-owned and -operated business in Denver, becoming the largest worker cooperative in the state of Colorado.
This infographic cites exemplary practices already in place at anchor institutions - place-based hospitals and universities - that work towards more inclusive and local hiring practices as a way to build wealth in their surrounding communities.
The eyes of the country turned this spring to North Carolina, where the state legislature passed the infamous HB2 “bathroom bill” in order to overturn the efforts of the Charlotte city council to make public bathrooms inclusive and safe for transgender individuals. HB2—with its extraordinarily broad attacks on LGBT individuals’ rights to equal protection under the law—has been roundly condemned by everyone from grassroots activists to some of our country’s largest corporations, not to mention federal leaders from the DOJ and the White House.