Converted to Employee Ownership

A year of change for employee-owned Gardener’s Supply

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Read the full story at Vermont Business Magazine  “2018 was a transformative year for us,” says Cindy Turcot, one of the original employees and now President of Burlington-based Gardener’s Supply Company. A national retailer, Gardener’s Supply is one of Vermont’s best-known companies, a leader in the socially-responsible business community, and 100 percent employee-owned through an […]

California

LA Economic & Workforce Development helps transition company ownership from retiring owners to long term employees

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From the Los Angeles Economic & Workforce Development Department: The City of Los Angeles Economic and & Workforce Development Department recognizes Concerned Capital for transition of ownership work done to avert layoffs. The strategy was to target companies with retiring business owners and help workers buy the company.  In 2016, EWDD awarded a contract to Concerned […]

News

Can Employee Ownership Preserve Durham’s Legacy of Black Businesses?

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From Next  City:  Durham, N.C., was once known nationally for its “Black Wall Street,” a cluster of flourishing black-owned financial institutions and businesses that sprang up around Parrish Street during the Jim Crow era, including some iconic insurance and finance firms such as Mechanics and Farmers Bank and North Carolina Mutual Life Insurance Company. With […]

News

Employee Ownership and The Promise of Quality Jobs

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From the Times of San Diego: In California and nationally, historically low unemployment rates are not a sign of prosperity, but indicatethe arrival of an economy that specializes in creating low-paying, temporary jobs with no benefits or job security. According to a Princeton University study, such positions were responsible for 94 percent of American job growth […]

News

3 local gov staffers are studying other cities’ coops to boost Philly’s democratic biz economy

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From Generocity: Cooperative biz models aren’t new in Philadelphia, but lately, they’ve been getting a bit more top-down support. A yearlong fellowship that teaches city leaders the necessary skills for catalyzing democratic business ownership is working in three local commercial corridors: 52nd Street, Woodland Avenue and East Passyunk Avenue. The SEED Fellowship — which stands for Shared Equity in […]