Since 2010, Nexus has been exploring and partnering with community, philanthropy, government, and private-sector leaders to promote community wealth building as an approach to achieving more equitable economic-development impact.
How We Define Community Wealth Building
Cooperative ownership, including worker co-ops, is a community wealth building strategy. Unlike traditional economic development, community wealth building works to build just and equitable communities by:
- Promoting local and broad-based ownership
- Lifting up cooperative and culturally based economic practices
- Developing the next generation of leaders
- Influencing economic policy and investment decisions
What’s a Worker Cooperative?
Worker co-ops are businesses that are both governed and owned by their employees. Approximately 100 new worker co-ops are started every year in the United States, and the model is taking off. Since 2019, the number of worker co-ops in the US has grown 30%!
The purpose of this toolkit is to provide policymakers, government officials, and staff with a national sample of tools and resources to incentivize worker ownership in their respective communities. Click below to learn more!
