The Democracy at Work Institute (DAWI) recently released its 2023 Worker Cooperative State of the Sector Report. The report, which covers two years of business progress among worker-owned and democratic workplaces in the US, takes into account the latest developments in the worker cooperative space and aims to increase understanding of the sector as a whole.
The report identified 751 known worker cooperatives that together have over $480 million in annual revenue. DAWI notes that the estimated number of worker cooperatives grew by 20% over the last two years and tripled over the past decade.
Also included in the 2023 report is an up-to-date map of metropolitan areas in the US and Puerto Rico that contain concentrations of worker cooperatives. Furthermore, the report data notes a high rate of success in the early years of worker cooperatives and a period of growth being driven by startups, as well as equitable pay ratios within worker cooperatives.