Cooperative Fund of New England

Forbes – When Banks Say No, Where Do You Go? Ask Boston’s Democracy Brewing.

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From Forbes: Razsa has a bachelor’s degree in community studies and economic justice from the University of California, Santa Cruz. Before becoming an entrepreneur, Razsa was the director of campaigns for 350 Massachusetts for a Better Future, a community organization dedicated to fighting climate change. But Razsa also had five years of experience as a […]

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

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 […]

Common Properties Management – Minneapolis, MN

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Common Properties Management Cooperative, is a 6 employee real estate management company in Minneapolis, Minnesota. The company was founded to help maintain housing cooperatives, and was previously was owned in common by the buildings it maintained.  Recently it recognized that worker ownership would re-engage members and support the participatory culture it had built.  Industry: Property […]

A-1 Builders – Bellingham, WA

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A-1 Builders is a 20-employee worker cooperative that does residential sustainable design and building in Bellingham, WA.   The owners decides to sell to a cooperative on 2010 as a way to align with the values-drive construction work that has been at the center of the company’s culture for their 40 years building the business.  The […]

Shared Capital Cooperative

Yes – 6 Ways We’re Already Leading an Economic Revolution

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From Yes Magazine: Worker-cooperative advocates are building a parallel ecosystem of this kind all across the country. Cooperative development projects like the Wellspring Collaborative in Springfield, Massachusetts, and the CERO cooperative in Boston are creating exciting new crowdfunding mechanisms to help communities launch democratic enterprises. Organizations like The Working World and the Shared Capital Cooperative […]

Electric Violin Shop – Durham, NC

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Electric Violin Shop is a 5-employee instrument sales and repair shop in Durham, North Carolina that serves both retail customers and a global mail-order business. The founder, planning to retire, saw in his employees a level of expertise and commitment to the business that would be impossible to find in an outside buyer.  Succession was made […]

New Moon Cooperative Cafe – Olympia, WA

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Industry: Food and Beverage Location: Olympia, Washington Number of employees: 14 Became employee owned: 2013 Assistance: Northwest Cooperative Development Center Financing: Shared Capital Cooperative Learn more New Moon Cooperative Cafe – History Northwest Military – Olympia’s New Moon Cafe goes Black Olympia Power & Light – New Moon Cafe “goes co-op” as the Black Moon Collective […]

Sustainergy – Cincinnati, OH

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Industry: Solar Location: Cincinnati, Ohio Number of employees: 5 Became employee owned: 2013 Assistance: Cincinnati Union Co-op Initiative Financing: Shared Capital Cooperative Learn more Sustainergy –  Our Team Co-op News – Future of work: Cincinnati experiments with co-op/union hybrid (2018) Yes – From Grocery Stores to Labor Unions, Cooperatives Were the Answer (2017) Cooperative Grocer – […]