Democracy at Work Institute

What if Workers Owned Their Workplaces?

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From The Nation: While many coops are start-ups, conversion of conventional businesses to cooperatives can be a vital investment in marginalized communities, and also widen accessibility to credit, since start-up capital can be pooled collectively. Of the 15 new cooperatives that launched in 2016, 11 were conversions. As struggling communities lose the mom-and-pop shops that […]

Democracy at Work Institute

For Retiring Business Owners, Worker-Owners Can Carry the Torch

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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 […]

Colorado

New & Next: The Strengths of Employee Ownership

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Building off of these trends, the Rocky Mountain Employee Ownership Center (RMEOC), has collaborated with policymakers like James Coleman (D) and Jack Tate (R) to introduce HB17-1214, Encouraging Employee Ownership of Existing Business. The bill would create a revolving loan to assist businesses with conversion fees. It would also require that staff members of the Colorado Office of […]

Democracy at Work Institute

Reducing Economic Inequality through Democratic Worker-Ownership

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From The Century Foundation: Employee-owned companies are a specific type of for-profit business owned by their workers; democratic employee-owned businesses are owned and also run by their workers. As a concept, employee-ownership is primarily about profit-sharing and worker participation. Employee-owned companies allow workers to take home a bigger, fairer share of the fruits of their […]

California

Webinar Recap – Poverty Alleviation and Systems Change with Worker Cooperatives

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From Emerging Practitioners in Philanthropy: A time-tested approach to community economic development internationally, worker cooperative businesses are making inroads in the United States with regional initiatives in New York City, Madison, the Bay Area, and rural areas in the South. In this webinar, we aim to introduce worker-cooperative development as an innovative approach to poverty […]

Cooperative Development Institute

Employee Ownership: A Solution that Preserves Retiring Owners’ Businesses

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From Shelterforce: Reflecting growing enthusiasm for worker co-ops, the Eastern Conference for Workplace Democracy—held last month in Worcester, Massachusetts—attracted a record 300-plus participants. One item on the agenda: the possibility of creating new worker cooperatives through conversions in which employees buy a business from an exiting owner. The stakes are large—and not just for worker co-op advocates. Indeed, literally millions of […]