Democracy at Work Institute

Commonwealth Hudson Valley – Cooperative Strategies 3: Support Conversions

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From: Commonwealth Hudson Valley: In Philadelphia, city officials have teamed up with the Philadelphia Area Cooperative Alliance (PACA) to support coop conversionsalong West Philly’s 52nd Street corridor. The area has one of the densest concentrations of black-owned businesses in the city, and many of the owners are at or beyond retirement age, with no prospects of […]

Democracy at Work Institute

The Nation – 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

National League of Cities – Employee-Owned Businesses a Tool for Equitable Growth

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From the National League of Cities:  Income and wealth inequality, exploitative working conditions and displacement are critical issues faced by communities across the country. These challenges require strategies that create both stable employment and access to opportunities for building assets. Local governments have traditionally invested in the dual pathways of entrepreneurship and workforce development to […]

Mariposa Gardening & Design – Berkeley, CA

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Industry: Landscaping Location: California Number of employees: 10 Became employee owned: 2018 Assistance: Sustainable Economies Law Center, Project Equity Learn more Pacific Horticulture – Growing a Giving Business (2017) Democracy Collaborative – Converting Businesses to Worker Cooperatives – Lessons from the Real World (video, 2015)   Employee Owned Small Businesses in Landscaping Employee Owned Small […]

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 […]