Democratically owned and operated businesses are still a relatively little understood segment of the economy in Central New York. But with initiatives underway statewide, the potential for employee-owned enterprises (EOEs) to bloom shows promise. This is considered an approach that can help control the “widening wealth gap, and displacement of people from neighborhoods,” according to the Cooperative Growth Ecosystem report published by Citi Community Development — a Citigroup companies initiative for achieving financial inclusion and economic empowerment. Here’s a summary of two of the most promising developments in the burgeoning cooperative ecosystem surrounding us.
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