November 17, 2011
The Gotham Gazette quoted Professor Carmen Huertas-Noble in a story about the rise of worker cooperatives in New York City and some of the challenges they face. One of the barriers some coops face is start-up funding, which can be difficult to overcome because, according to Prof. Huertas, “service-industry workers typically don’t have the wealth or assets that banks traditionally look to for collateral.”
Prof. Huertas is the founding director of CUNY Law’s Community and Economic Development Clinic. She has played a leading role in providing transactional legal support to worker-owned cooperatives in New York, and her research and scholarship focuses on promoting alternative ownership models, including community land trust and worker-owned cooperatives.