#CDFIFriday - Legacy Business to Worker Cooperative

When owners of mom-and-pop shops want to retire, new programs and policies can help them transfer their businesses to their employees. Find out:

• How worker co-ops can foster community investment and close the wealth gap;
• What technical and financial assistance is available; and
• How businesses can prepare for a transition to worker ownership.

The 2020 #CDFI Fridays series is sponsored by JP Morgan Chase, M&T Bank, Wells Fargo, Amalgamated Bank, BNB, Capital One, Citizens Bank, Community Preservation Corporation, Hanover Bank, Ponce Bank, TD Bank, Valley and Woodforest National Bank. Additional presentations are planned for October, November and December, starting with a panel discussion titled “How Community Land Trusts Preserve Affordable Housing” on Friday, October 16 at 12:00 noon.

“It is our great pleasure to convene these online meetings to support positive change in our communities and businesses throughout New York State,” said Linda MacFarlane, Chair of the NYS CDFI Coalition. “Over the 40 years of CDFI history we have become leading partners for banks, credit unions, foundations, social investors, and governments engaged in community economic development. Our industry’s success comes from our delivering social and financial benefits to low-income and disadvantaged communities in a sustaining manner. We’re looking forward to an in-person conference in the future, but for now, we’re glad to be able to share this timely information online.”

The cost for the webinar is $25, and advance registration is required. Subscriptions for all #CDFI Friday presentations are also available. A Zoom link will be sent to all participants prior to the presentation. For more information, visit www.nyscdfi.org/conference 2020 or email info@nyscdfi.org.

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