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From WPR.org (pdf): U.S. Sen. Tammy Baldwin is introducing a bill designed to boost the number of employee-owned companies in America. The Worker Owned Wealth Act would provide low-interest loans to workers who want to either buy or increase their stake in the companies that employ them. Baldwin, D-Wisconsin, said the measure would be good […]
From San Joe Inside (pdf): With more room, the pizza joint can improve efficiency and build capacity.“If that’s what the employees decide to do,” Vartan clarifies. “That’s their call now.” The physical renovations have set the stage for an existential one at A Slice of New York. Last month, Vartan, who co-founded the business in […]
From KIPX (CBS News): KPIX 5’s Wilson Walker gets a taste of the business model at the South Bay’s first pizza co-op, where the employees finally get a piece of the pie.
From the Central New York Business Journal (pdf): With more than 50 percent of all businesses with employees currently in ownership hands of the Baby Boomer Generation, our society is poised to experience on of the greatest transfers of capital ever. In New York State alone that translates to 181,370 businesses employing 1.6 million people… […]
From the Voice of OC (pdf): A resolution passed 5-to-0 by the City Council last week said the cooperatives provide local goods and services, stable jobs, and economic opportunities for low-income workers, while also keeping wealth local. At the same time, it added, cooperatives are often limited in their ability to get bank loans. And […]
From the International Economic Development Council (pdf): For the busy owners of small businesses, short-term pressures often take precedence over long-term planning. That’s why many business owners lack a succession plan to ensure that the enterprise will continue when they’re ready to step down. The stakes are especially high when the firm is a community […]