These developments include nonprofit community development corporations and community land trusts that develop and maintain low-income housing, as well as community development financial institutions that now invest more than $5.5 billion a year in poor communities. Employee ownership is on the rise, extending to 11,000 businesses and involving three million more workers than are members of private sector unions. A third of Americans belong to urban, agricultural and credit union cooperatives. In the public sector, local government economic development programs invest in area businesses while municipal enterprises build infrastructure and provide services, raising revenue and promoting employment and economic stability, diversifying the base of locally controlled capital. Two thousand publicly owned utilities, together with co-ops, provide a quarter of America’s electricity. Public pension assets are being channelled into job creation and community economic development. More and more US states are looking into the creation of public banking systems like the long-standing public Bank of North Dakota.