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Economic Opportunities Program Newsletter, May 2021

Business Ownership Key for Economic Recovery in U S Cities, New Report Shows

White Electric reopens as Rhode Island s only cooperatively run coffee shop

White Electric reopens as Rhode Island’s only cooperatively run coffee shop Ella Fassler © John Tlumacki/Globe Staff The White Electric Coffee shop is a busy place and it s now owned by the people who work there. A view through the pickup window. PROVIDENCE A steady stream of customers poured into White Electric, Rhode Island’s only cooperatively run cafe, during its grand re-opening on May 1, International Workers Day. Familiar faces congratulated the new co-owners while ordering the shop’s beloved coffee, bagels, sandwiches, and desserts. A $5 bill, given by a longtime regular who goes by “Toy” just before opening time, hangs on the back wall of the shop.

Race and Gender Wealth Equity and the Role of Employee Share Ownership

Race and Gender Wealth Equity and the Role of Employee Share Ownership Even before the COVID-19 pandemic, in an allegedly strong economy, workers at the bottom of the opportunity scale were struggling to support themselves and their families – let alone build wealth. Divisions in wealth between men and women, and between white households and households of color, are particularly striking consequences of structural discrimination and occupational segregation. The pandemic has exacerbated and heightened awareness of these inequities, and there is a mounting sense of urgency to find practical solutions. Broadening opportunities to participate in business ownership can help address this wealth divide and offer working people the opportunity to meaningfully participate in the success of the economy. In addition, employee share ownership can help strengthen job quality and worker agency while contributing to business performance, so that businesses and workers succeed together.

Restaurants in Portland and Beyond Look to Cooperative Ownership Models During the Pandemic

Restaurants in Portland and Beyond Look to Cooperative Ownership Models During the Pandemic
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