On January 1 2017 Small Business Services, the city agency responsible for overseeing the Worker Cooperative Business Development Initiative (WCBDI), published its Anual Report on the performance of the second year of the initiative.
When the WCBDI was first launched in Fiscal Year 2015 (FY2015), the Council distributed $1.2 million to 11 partner organizations and SBS committed to providing educational resources on worker cooperatives to entrepreneurs, support all business entities with one-on-one assistance, create new jobs, and help launch worker cooperatives. FY2016 marked the second year of the WCBDI, where the Council distributed $2.1 million to 14 partner organizations and SBS to continue providing the same services as it did in the previous year.
For a full PDF version of the report click here.
