Co-ops: A New Way Battling Unemployment?

March 20th, 2012
in econ_news

Econintersect: Many U.S. cities have been hit by a plagues of unemployment and depression, some more than others. Richmond, CA, a San Francisco Bay city, has been hurt by crime and economic troubles for quite some time now.

With a population of around 103,000 people and an unemployment rate of around 17 percent, the city has been trying to find creative ways of reducing joblessness and spur economic development.

Follow up:

The answer may be found in co-ops. This California community is coming together and using cooperative ventures as their business model for development, hoping to create incentives and attract new businesses. Although the city may currently lack enough jobs, it certainly does not lack creativity.

Al Jazeera video

Jillian Friesen

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