It was a real struggle for Red Emma’s the first time they were looking to finance a new, larger location for their bookstore and café space. What began as a small bookshop in 2004, with a vision of building infrastructure for communities centered on solidarity, was taking off. By 2013, Red Emma’s had outgrown its original location, but because it is a worker cooperative, most financing entities didn’t know how to engage.
“Nobody would take a chance on us because they didn’t understand what we were,” says Kate Khatib, one of Red Emma’s founding worker-owners.
In a worker-cooperative, each worker-owner has an equal share of ownership and management of the business, often operating on a principle of “one-worker, one-vote,” especially for major decisions like moving or expanding.
Read more at Next City!