Minnesota

The Co-op With Forty Years of Making Loans to Co-ops

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From Next City: At Shared Capital Cooperative, a Twin Cities-based loan fund, Executive Director Christina Jennings rattles off what the fund has in its pipeline. About a dozen loans were recently approved, she says, another 16-18 in the final application phases, and another 25-30 leads that are in active pre-application conversations with her team. “I’d […]

California

Worker-Owned Cooperatives Can Succeed

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From the Santa Barbara Independent: The phenomenon of worker-owned cooperatives is a simple concept. Workers weigh in on the conditions that affect them most: They vote to elect their board of directors and/or managers and/or to set wages and rules around profit redistribution. They can design the business so they have no managers or serve […]

California

This City Has A Radical Plan To Get Rid Of Bosses

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From the Huffington Post: In a 4,000-square-foot industrial space tucked away in a West Berkeley neighborhood, a team of glass blowers is hard at work. In one corner, a young man named Sam is repairing a piece of laboratory glassware used for cannabis distillation, the bright orange flames from his lathe dancing just inches from […]

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 […]

Colorado

Gov. Polis signs executive order to establish commission on employee ownership

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From KOAA News 5: Governor Jared Polis was in Colorado Springs Wednesday to sign an executive order that establishes a commission on employee ownership. The commission will provide support and resources for businesses that want to become employee-owned. “When employees succeed, the business succeeds, and when the business succeeds, the employees succeed,” said Governor Polis. […]

ICA Group

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 […]