Newsflash:
Rep. Barbara Lee Economic and Social Justice In Sign of 'New Economy' Rising, Vermont Bill Champions Worker-Owned Co-ops
Sunday, 08 June 2014 13:43

In Sign of 'New Economy' Rising, Vermont Bill Champions Worker-Owned Co-ops

Written by  Lauren McCauley | Common Dreams
Rainbow Grocery, a worker-owned cooperative in San Francisco. Rainbow Grocery, a worker-owned cooperative in San Francisco. (Photo: Amit Gupta/ Creative Commons)

Worker-owned co-ops got a boost on Monday when Independent Senator Bernie Sanders unveiled an initiative in Vermont that champions what many call "the new economy."“At a time when corporate America is outsourcing millions of decent-paying jobs overseas and with the economy continuing to struggle to create jobs that pay a livable wage, we need to expand economic models that help the middle-class," Sanders said during a press conference in Burlington. "I strongly believe that employee ownership is one of those models.

The senator appeared with leaders of a number of local employee-owned businesses to announce two new bills, cosponsored by Senator Patrick Leahy (D-Vt.), that help expand the cooperative ownership model.

Under one bill, the U.S. Department of Labor would provide funding to states to establish and expand employee ownership centers that provide training and technical support for programs promoting worker ownership and participation, much like the Vermont Employee Ownership Center, which the bill was modeled after.

The second bill would create a U.S. Employee Ownership Bank to provide loans to help workers purchase businesses through an employee stock ownership plan or a worker-owned cooperative. 

The Vermont initiative is the latest push for an economic model "whose time has come," according to Marjorie Kelly, author and director of ownership strategy with Cutting Edge Capital consulting firm.

"It’s an economy that aims to serve customers, rather than extract maximum profits from them. It operates through various models, which share the goal of treating suppliers, employees, and investors fairly," Kelly wrote in a recent article in YES! Magazine.

"As the nation struggles to recover from unsustainable personal and national debt, stagnant wages, the damages wrought by climate change, and more, a whole way of life is drawing to a close," Kelly continues.

“Simply put, when employees have an ownership stake in their company, they will not ship their own jobs to China to increase their profits,” Sanders added. “They will be more productive. And, they will earn a better living.”

Link to original article from Common Dreams

Read 4192 times

ERA Legislation in your State

Unratified states Gold - Ratified States Purple

Latest News from the Lee Campaign

Latest News from the Grayson Campaign

Latest News from the Schapira Campaign

  • Standard-Bearer in Pivotal Arizona Congressional Race
    Standard-Bearer in Pivotal Arizona Congressional Race

    With early ballots in the mail, and only three weeks from the August 28th primary, State Senator David Schapira has emerged as the Democratic standard-bearer in a closely watched and increasingly nasty three-way congressional race in Arizona that many observers see as a litmus test for national Democratic chances to pick up critical seats in Congress.

    Written on Thursday, 09 August 2012 01:45 Read more...
  • Harry Mitchell Endorses David Schapira for Congress
    Harry Mitchell Endorses David Schapira for Congress

    “The primary in Congressional District 9 has pitted three of the brightest members of the Democratic Party in Arizona against each other. All three candidates are leaders in our state and I am honored to call them friends.

    Written on Thursday, 26 July 2012 12:14 Read more...
  • A Guest Post From Arizona Progressive State Senator David Schapira
    A Guest Post From Arizona Progressive State Senator David Schapira

    Endorsements are a funny thing. Most of them aren't worth anything at all. I have two friends running in the Democratic primary in Arizona's brand new 9th CD, Kyrsten Sinema and Andrei Cherny. Kyrsten is a progressive and Andrei is somewhere in his own world ideologically. But the third guy... well, he's the one who's been endorsed by Raúl-- and by PDA. Whomever wins the August 28th primary is, likelier than not, headed to Congress. That third guy is David Schapira, the Senate Democratic Leader.

    Written on Saturday, 30 June 2012 13:38 Read more...
  • David Schapira Receives PDA Endorsement
    David Schapira Receives PDA Endorsement

    On the May Inside the Party call, David Schapira (AZ-9) received the PDA National endorsement. Currently David Schapira is the Arizona State Senate Democratic Leader.

    Written on Thursday, 24 May 2012 00:00 Read more...
  • Arizona Communications Workers of America State Council Endorses David Schapira for Congress
    Arizona Communications Workers of America State Council Endorses David Schapira for Congress

    The Arizona Communications Workers of America (CWA) State Council announced today their endorsement of Senate Democratic Leader David Schapira, D-Tempe, in the race for Arizona’s Ninth Congressional District. The state council is comprised of the Arizona Correctional Peace Officers Association (AZCPOA), the Association of Flight Attendants-CWA and multiple CWA local affiliates.

    Written on Thursday, 17 May 2012 19:55 Read more...
  • Congressman Raúl Grijalva Endorses David Schapira
    Congressman Raúl Grijalva Endorses David Schapira

    Congressman Raúl Grijalva, AZ-07, today announced his endorsement of Arizona Senate Democratic Leader David Schapira, D-Tempe, in his campaign for Arizona’s Ninth Congressional District. “Voters are looking for candidates who stand up for what they believe in and can win, not by hiding their values, but by sharing them with voters. David is that candidate,” said Rep. Grijalva.

    Written on Monday, 30 April 2012 00:00 Read more...
  • Arizona Union Rights Stripped

    Arizona Governor Jan Brewer pushes the country's most anti-union agenda yet. David Shapira, Democratic leader of the Arizona state senate, slams his Republican colleagues. Welcome back to "The Ed Show." Jan Brewer and the Arizona Republicans are on a tear. they are on the offensive. they are on a mission to completely destroy public employee unions. have you heard the story before?

    Written on Thursday, 02 February 2012 00:00 Read more...
  • State Senator David Schapira Jumps Into District 9 Congressional Race
    State Senator David Schapira Jumps Into District 9 Congressional Race

    As predicted, former state Senator Kyrsten Sinema's not the only Democrat with her eye on Arizona's new Congressional seat -- this morning, state Senate Minority Leader David Schapira announced that he, too, will run in Arizona's newly formed 9th Congressional district.

    Written on Tuesday, 17 January 2012 00:00 Read more...

Sign the Petition - Sen. Sanders Run as a Democrat in 2016

Button-SandersPetition

Like Rep. Barbara Lee

Lori Wallach on the TPP from PDA Progressive Roundtable

Progressive Roundtable with Reps. Ellison and Pocan and Lori Wallach on TPP

TPP: The Biggest Threat to the Internet You've Probably Never Heard Of