ICA Group

Fast Company – How Massachusetts is working to get retiring business owners to let their employees take over

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From Fast Company: Massachusetts wants to nudge these business owners toward another option: selling their companies to their employees. The state hired two nonprofits with expertise in shifting to employee ownership models–Working World and ICA Group–to revive its Office for Employee Involvement and Ownership (EIO), which was initially established in the late 1980s but faded […]

ICA Group

Boston Globe – Mass. lawmakers revive effort to spur employee ownership

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From the Boston Globe: he news: The Massachusetts Office of Business Development last month hired two consultants, ICA Group and Working Wealth, to revive the Massachusetts Office for Employee Involvement and Ownership. ICA and Working Wealth will be paid $150,000 to travel the state and preach the gospel of employee ownership — at events and in meetings with potential candidates […]

Davis Home Pros – Walnut Creek CA

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Davis Home Pros is a 15-person residential remodeling cooperative in Walnut Creek California. The selling owners had worked hard with employees to create a positive workplace culture centered around quality craftsmanship, customer service, and reasonable prices. About three years from retirement, they were looking for an innovative succession plan and committed to worker ownership. The […]

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

Home Health Care News – More Home Care Agencies May Become Employee-Owned as Aging Owners Exit

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From Home Health Care News: Home care agencies continue to grow in number as the population of older adults increases. However, as home care owners decide to retire themselves, they are sometimes permanently shutting down their operations, leaving a gap in the local economy and forcing workers who are happy in their roles to seek different […]

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 […]

Sun Light & Power – Berkeley, CA

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Industry: Solar Location: California Number of employees: 80 Became employee owned: 2018 Assistance: ICA Group, Beyster Institute Learn more Sun Light & Power – California solar solutions provider, Sun Light & Power, becomes 100% employee owned Staubus – The Cooperative / ESOP Hybrid: The Best of Both (slides) North Bay Business Journal – Employee ownership embraced by […]

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: “Baby Boomers own the majority of small businesses,” notes Oscar Perry Abello in Next City, “but only 17 percent of them have a formal exit plan for when they want to retire.” As NPQ has noted, employee ownership is increasingly considered a way to preserve jobs and businesses as owners retire. An estimated 24.7 million people work for boomer-owned […]