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Hurting long before COVID-19, failing companies took stimulus money then closed anyway Josh Salman, USA TODAY Replay Video UP NEXT Stein Mart Inc. was desperate for shoppers long before COVID-19 forced closures at its discount department stores, scattered mostly throughout the Southeast.  During the past several years, the Florida retailer had hemorrhaged tens of millions of dollars, while searching for a corporate buyer. Like many struggling businesses, the company in June turned to the federal government’s Paycheck Protection Program, or PPP, as a possible savior. The $...

“I didn’t know it was a co-op, but once I found out what it was, I was like, ‘ This is amazing. People running a company democratically. Taxi drivers, from all different walks of life, able to run this company. It was so inspiring to me, that’s really when I began to learn all about worker cooperatives, getting involved in local government and national and international organizations as well,” says Kemble. A handful of drivers founded Union Cab Cooperative in 1979, after they attempted to unionize under their previous employer, who responded by folding the company. They scraped tog...

Hurting long before COVID-19, failing companies took stimulus money then closed anyway Josh Salman, USA TODAY Replay Video UP NEXT Stein Mart Inc. was desperate for shoppers long before COVID-19 forced closures at its discount department stores, scattered mostly throughout the Southeast.  During the past several years, the Florida retailer had hemorrhaged tens of millions of dollars, while searching for a corporate buyer. Like many struggling businesses, the company in June turned to the federal government’s Paycheck Protection Program, or PPP, as a possible savior. The $...