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Berkeley Pledges Support and Funding for Worker Co-ops

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 […]

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Berkeley Sets the Bar for Municipal Support of Worker Cooperatives

From the Sustainable Economies Law Center: Last night, Berkeley City Council unanimously adopted a set of recommendations provided by the Sustainable Economies Law Center (Law Center) and a coalition of worker coop members and advocates. In doing so, Berkeley became a national leader in supporting worker cooperative businesses. “Berkeley is among the first US cities […]

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

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 […]

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Nonprofit helps employees take hold of reins as business owners retire

Read the full article at the San Francisco Chronicle Tom Adams and George Chittenden, owners of Adams & Chittenden Scientific Glass, have been coasting toward retirement. The prospect of retiring was once daunting, Adams told me, because he and Chittenden didn’t know what to do with the Berkeley glassblowing company they started together 25 years […]

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The Life-Changing Magic of Turning Employees Into Shareholders

From The Atlantic: Research shows that companies with significant employee ownership grow faster than their conventionally-owned counterparts. They typically pay more, and they are less likely to lay people off in a downturn (let alone move all their operations overseas). Some have made their frontline employees and middle managers remarkably wealthy. A recent report highlighted the experience of […]

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Webinar Recap – Poverty Alleviation and Systems Change with Worker Cooperatives

From Emerging Practitioners in Philanthropy: A time-tested approach to community economic development internationally, worker cooperative businesses are making inroads in the United States with regional initiatives in New York City, Madison, the Bay Area, and rural areas in the South. In this webinar, we aim to introduce worker-cooperative development as an innovative approach to poverty […]

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