During a recent government meeting, Mo Menckling, the policy director of the US Federation of Worker Cooperatives, presented compelling testimony in support of the Guam Uniform Limited Cooperative Association Act. Menckling emphasized that this legislation is crucial for bolstering Guam's small business community and promoting worker ownership, which has proven successful in other states like Colorado and Illinois.

Menckling highlighted the potential of worker cooperatives to address economic challenges by empowering workers, enhancing company stability, and preventing job losses. She noted that the proposed act would enable worker owners to maintain control over their businesses while also allowing them to attract investments, thereby increasing the viability of their enterprises.

The meeting, attended by key figures including Senator Cimito Flores and members of the Committee on Environment and Revenue and Taxation, underscored the importance of fostering an equitable economy through increased awareness and pathways to worker ownership. Menckling's testimony reflects a growing recognition of worker cooperatives as a viable solution to economic issues, particularly in the context of Guam's unique challenges.