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Council member clarifies funding request details for worker cooperative initiative

6:00:04

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Council member Alexa Avilés engages in a Q&A session with Anh-Thu Nguyen to clarify the funding request for the Worker Cooperative Business Development Initiative (WCBDI). They discuss the current and requested funding levels, as well as the potential impact of the increased funding.

Current funding: $3,670,000 across 14 organizations
Requested funding: $5,090,000 for fiscal year 2026
Impact: Would allow for 31 new worker cooperative small businesses and over 100 new jobs

Alexa Avilés

6:00:04

say the current level of funding or the expanded level of funding would allow?

Anh-Thu Nguyen

6:00:10

Expanded level of funding.

Alexa Avilés

6:00:11

Okay.

6:00:12

Tell me the numbers again.

Anh-Thu Nguyen

6:00:14

So we would like an enhancement to $5,090,000 for fiscal year 'twenty six.

6:00:19

Currently, we're at $3,670,000 across 14 organizations.

6:00:23

And we also additionally re grant to new organizations, new community based organizations that are entering the field of worker cooperative development due to needs from their communities.

Alexa Avilés

6:00:33

Got it.

6:00:34

And the 5.9 would allow an

Anh-Thu Nguyen

6:00:36

extra 5.09,

Alexa Avilés

6:00:37

yes.

6:00:37

Zero nine.

6:00:37

Five point zero nine to 31.

6:00:39

Correct.

6:00:40

I'm paying attention, y'all.

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