NewsVermont Employee Ownership Center

Employees Purchase The New School Of Montpelier From Founder As A Worker Cooperative

From VT Digger:

The employees of The New School of Montpelier (NSM) in Vermont have purchased the school from its founder and will be operating it as the state’s largest worker cooperative.

Founded in 2005 by Susan Kimmerly, the NSM serves students ages 6 – 22 with intensive disabilities; primarily children and young adults with autism, cognitive disabilities, and challenging behaviors, often related to trauma. The NSM provides a safe and encouraging environment for students to form relationships, develop trust, gain life skills and the social competencies necessary to become successful learners and contributing members of their communities.

The purchase of the business was finalized on March 30, 2015 , and financing for the deal was secured through a collaboration between the Cooperative Fund of New England, the Vermont Employee Ownership Center’s Vermont Employee Ownership Loan Fund, and the Vermont Economic Development Authority. Upon completion of the deal, the new employee owners celebrated with a gathering at the Montpelier Elks Club, for which Hunger Mountain Coop donated refreshments in honor of the sixth cooperative principle, “Cooperation Between Cooperatives.”

VT Digger – Employees Purchase The New School Of Montpelier From Founder As A Worker Cooperative