New Bill Supports Equitable Economic Development Through Worker Ownership
U.S. Representative Adam Smith (D-WA, 9th District) has reintroduced the Emergency Economic and Workforce System Resiliency Act, which creates a five-year funding stream to state and local workforce boards, including funds to assist firms in transitioning to employee ownership or cooperative models. The bill also includes funding to invest in new programs that prevent layoffs, assist displaced workers, and support employers to both preserve and create jobs. The Democracy at Work Institute…
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