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, […]

Fund for Employee Ownership

Crain’s Cleveland – Evergreen Cooperatives’ new Fund for Employee Ownership is drawing national attention

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From Crain’s Cleveland: An ambitious new initiative from Evergreen Cooperatives, a network of worker-owned businesses in Cleveland, is getting national attention. Last week, Evergreen announced it has launched the Fund for Employee Ownership, which will acquire businesses and convert them to employee ownership. It aims to buy companies from retiring owners at fair market value to […]

Fund for Employee Ownership

The Democracy Collaborative – The Evergreen Cooperatives Launch The Fund for Employee Ownership

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From The Democracy Collaborative: CLEVELAND, OHIO — NOVEMBER 13, 2018 Evergreen Business Services (EBS) today announced the launch of The Fund for Employee Ownership, which will strategically acquire businesses in Northeast Ohio to preserve the quality jobs they provide by converting them to employee ownership. EBS and the Fund are part of the Evergreen Cooperatives, a […]

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 […]

News

City of Durham – Durham Commits to Shared Equity in Economic Development with Local Business Retention via Employee Ownership

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From the City of Durham:  DURHAM, N.C. – Thanks to the City of Durham’s inclusion in a recent fellowship, long-standing Durham minority business owners can soon expect outreach for help with succession planning and employeeownership options. Durham is one of four cities recently selected to participate in the Shared Equity in Economic Development (SEED) Fellowship, […]

Democracy at Work Institute

National League of Cities – Employee-Owned Businesses a Tool for Equitable Growth

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From the National League of Cities:  Income and wealth inequality, exploitative working conditions and displacement are critical issues faced by communities across the country. These challenges require strategies that create both stable employment and access to opportunities for building assets. Local governments have traditionally invested in the dual pathways of entrepreneurship and workforce development to […]

Illinois

Worker cooperatives face particular challenges in Illinois

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From the Chicago Reporter: With the help of Centro de Trabajadores Unidos, a worker and immigrant rights center on the city’s far Southeast Side, Sandoval and the women formed Las Visionarias (The Visionaries) Cooperativa two years ago. The female-led catering company specializing in Mexican dishes became CTU’s first worker cooperative. In a worker co-op, workers […]

Center for Community Based Enterprise

NPQ – Vet-Based Worker Co-op Makes Shoes and Builds Wealth in Detroit

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From NPQ: A 2017 national ranking placed Detroit last out of 100 cities for “17 key indicators of livability, affordability and veteran-friendliness.” According to one study, in 2015 Michigan had over 5,000 homeless veterans. These statistics prompted Jarret Schlaff to create a worker cooperative that hires veterans to make high-end sneakers, boots, and other apparel using recycled materials […]