From Next City: "What could you do with $1.7 billion in a city of around 200,000, where 33 percent of households live below the federal poverty line? The city of Rochester, with Mayor Lovely Warren at the helm and supported by partners and allies across New York State and beyond, has hatched a plan to tap into at least that much to help level the economic playing field for Rochester’s most disadvantaged neighborhoods. 'It’s about being able to give employees an opportunity to have ownership and to build wealth within their own communities,' says Warren. The plan consists of supporting the creation or growth of cooperatively owned businesses located primarily in the city’s most distressed neighborhoods, collectively known as the Northern Crescent..."
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