Cooperative Fund of New England

Forbes – When Banks Say No, Where Do You Go? Ask Boston’s Democracy Brewing.

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From Forbes: Razsa has a bachelor’s degree in community studies and economic justice from the University of California, Santa Cruz. Before becoming an entrepreneur, Razsa was the director of campaigns for 350 Massachusetts for a Better Future, a community organization dedicated to fighting climate change. But Razsa also had five years of experience as a […]

Capital Impact Partners

Fifty by Fifty – Are Cooperatives Really So Difficult to Finance?

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From Fifty by Fifty: Since 2012, CFNE has financed 15 co-op conversions including providing nine loans for business acquisitions and twelve working capital lines of credit to recently converted businesses. Some of our borrowers include: A Yard & A Half Landscaping Co-op, a largely immigrant co-op serving residences throughout the greater Boston area; Island Employee […]

Capital Impact Partners

NPQ – Report: Business Sales to Worker Co-ops Can Preserve over 1,000 Jobs a Year

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From NPQ: Typically, when US businesses think of employee ownership, the form that ownership takes is an employee stock ownership plan (ESOP) company. The most up-to-date data (from 2015) finds that 10.8 million Americans work at an estimated 6,669 companies in which an ESOP owns all or part of the company. Because an ESOP is a federally regulated […]

Rock City Employee Cooperative – Rockland, ME

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Rock City Employee Cooperative is a 25-worker café and roastery in Rockland, ME, that became a cooperative corporation in 2018. The founder started the business in 1992 and saw in the sale an opportunity to reward workers for their efforts building the business, assurance that the café’s character as a main street community center would […]

Ewing Controls – Greenfield, MA

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Ewing Controls is an 11-employee worker cooperative producing automated controls for steam turbine equipment, based in Greenfield, MA.   The owners decided to sell to employees after their 30-year tenure because it offered the best future for the business, both in terms of the expertise within the employees and protection against a more hostile acquisition from […]