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 […]

Fund for Employee Ownership

Fast Company – This new fund will help retiring baby boomers turn their businesses into worker co-ops

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From Fast Company : After monitoring the success of the Evergreen Cooperatives in Cleveland’s poorer communities, the network now wants more businesses to get on board with it. The takeover of the Cleveland Clinic laundry facility was a pilot for a larger program, the Fund for Employee Ownership, that the Evergreen Cooperatives and the Democracy Collaborative, […]

Surface Chemists of Florida – Jupiter, FL

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Industry: Manufacturing Location: Jupiter, Florida Number of employees: 10 Became employee owned: 2016 Assistance: Ohio Employee Ownership Center Learn more www.surfacechemists.com   Employee Owned Small Businesses in Manufacturing Employee Owned Small Businesses in Florida Employee Owned Small Businesses Assisted by OEOC

Pattycake Bakery – Columbus, OH

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Industry: Food and Beverage Location: Colombus, Ohio Number of employees: 15 Became employee owned: 2013 Assistance: Ohio Employee Ownership Center Learn more Project Equity – Pattycake Bakery Columbus CEO – Co-ops: Sharing for Success OEOC – Columbus area Pattycake Bakery becomes a Worker Cooperative   Employee Owned Small Businesses in Food and Beverage Employee Owned […]

Select Machine – Brimfield, OH

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This business demutualized in 2019. Industry: Manufacturing Location: Brimfield, Ohio Number of employees: 11 Became employee owned: 2010 Assistance: Ohio Employee Ownership Center Learn more OEOC – Select Machine: a Worker Co-op OEOC – Selling Your Business to an Employee Owned Cooperative: The Select Machine Story (video) Project Equity – Select Machine Co-opLaw.org – Legal […]

Evergreen Cooperative Laundry – Cleveland, OH

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Industry: Laundry Location: Cleveland, Ohio Number of employees: 159 Became employee owned: 2009 Financing: Fund for Employee Ownership Assistance: Ohio Employee Ownership Center From the company http://www.evgoh.com/ecl/  Learn more Fifty by Fifty – Can Worker Cooperatives Transform the Commercial Laundry Business? (2019) Advisory Board – At Cleveland Clinic, laundry is a 18-million-pound problem. Here’s its […]

Evergreen Energy Solutions – Cleveland, OH

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Industry: Solar Location: Cleveland, Ohio Number of employees: 44 Became employee owned: 2009 Financing: Fund for Employee Ownership Assistance: Ohio Employee Ownership Center From the company Evergreen Energy Solutions Evergreen – Ohio Solar Cooperative (video) Learn more Journal Sentinel – In Cleveland, co-op model finds hope in employers rooted in the city Next City – Cleveland’s Evergreen […]

News

USDA – Worker-owned / ESOPs can help preserve business in rural America

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From the USDA: Employee ownership can help a business prosper by creating financial incentives for performance and by providing more self management of working conditions and policies. These benefits may accrue whether businesses are organized as cooperatives or as Employee Stock Ownership Plans (ESOPs) when workers have a majority control. Employee owners in rural communities […]