How Richmond Is Building An Economy On Co-ops
“With sky-high unemployment, Richmond, California, is not a place where traditional business models alone can dent poverty. The city has turned to co-ops in hopes that people who might be unemployable in the traditional economy gain access to both jobs and control over their own labor.”
“At the height of the recession, the unemployment rate in Richmond, Calif., topped out at a dismal 19%. That figure has more recently crept down about three points, an improvement that might be worth celebrating if the city didn’t still have so far to go.”
City councilman Tom Butt deadpans that Richmond, a city of about 100,000 people in the San Francisco Bay Area just north of Oakland, is a place with ‘more than the usual number of socioeconomic challenges.’”
Click here to read how Richmond, CA is working to overcome these challenges on FastCompany.com…
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