Cooperation Buffalo

Fifty by Fifty – SBDC Working Group Pilots Employee Ownership Training

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From Fifty by Fifty: The Main Street Employee Ownership Act, passed in August 2018, relies heavily on the nation’s network of Small Business Development Centers (SBDCs) to educate and support business owners in transitioning their companies to employee ownership. But for the most part, SBDC business advisors aren’t familiar with employee ownership. To begin to fill […]

Adams and Chittenden – Berkeley, CA

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Industry: Manufacturing Location: Berkeley, California Number of employees: 7 Became employee owned: in process Assistance: Project Equity Learn more Project Equity – For the Love of Glass Project Equity – Mo’s Story Huffington Post – This City Has A Radical Plan To Get Rid Of Bosses (2019) San Francisco Chronicle – Nonprofit helps employees take hold of […]

News

New Research Details Effects of ‘Silver Tsunami’ on Local Economies and What To Do About It

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From Whatcom Talk: Project Equity, a nationwide nonprofit dedicated to advancing community economic resiliency, released a report today examining the small business landscape in Washington, and the potential transfer or closure of many of these businesses as baby boomer owners retire over the next 15 years. This data, gathered in partnership with and commissioned by […]

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 […]

California

East Bay Express – Berkeley Pledges Support and Funding for Worker Co-ops

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From the East Bay Express: Last week, the Cheeseboard’s longtime home committed to a new strategy for fighting economic inequality and building the local economy: city support for worker cooperatives. The Berkeley City Council voted unanimously on Fe.26 to include co-ops in the city’s small-business revolving loan fund; give co-ops, along with women- and minority-owned […]

Cooperative Development Institute

NPQ – Nonprofit Takes Leadership Role to Address Business Succession “Tsunami”

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From NPQ: Here at NPQ, we have noted that a business ownership succession wave—often called the “silver tsunami”—is rising. According to the nonprofit Project Equity, nationally “baby boomers own 2.34 million businesses, employ 24.7 million people, and have combined annual sales of $5.14 trillion.” Sadly, 80 percent of these businesses lack succession plans. Slowly, awareness of the looming crisis is […]