Cooperative Fund of New England

https://www.cooperativefund.org

Truthout – Capitalism Has Failed Immigrants. Can Worker Cooperatives Do Better?

From Truthout: Five years later, Reyes is now A Yard & A Half’s board president. He still works on the field team doing landscaping and hardscaping work, but he now has a much broader range of responsibilities, which include facilitating meetings, developing agendas, and meeting with the executive committee once a month. A Yard & […]

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Truthout – Capitalism Has Failed Immigrants. Can Worker Cooperatives Do Better?

From Truthout: “At first I was a bit nervous, a bit afraid, because I didn’t speak English very well and talking about finances and money wasn’t something I knew anything about,” Reyes admitted. “I was kind of lost at the beginning, but after a while, I started getting a better sense of what was going […]

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

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 […]

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Worcester Telegram – Co-op members embrace alternative approach to business

From the Worcester Telegram: Lisa A. McCarthy, of Worcester Bookkeeping Cooperative, at 50 Portland St., a bookkeeper for more than 30 years, said she was self-employed for 12 years and didn’t have room for new clients. “I was engaged by Worcester Roots to do some bookkeeping and that led to my sole-proprietorship conversion Jan. 1, […]

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Fifty by Fifty – Are Cooperatives Really So Difficult to Finance?

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 […]

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NPQ – Report: Business Sales to Worker Co-ops Can Preserve over 1,000 Jobs a Year

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 […]

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Uprise RI – Local worker ownership an opportunity for Rhode Island

From Uprise RI: The “silver tsunami” of baby-boomer retirements is coming. According to a 2004 US Small Business Association study, 85 percent of all business owners do not have a succession plan in place and only 15 percent of businesses are passed along to children. Rhode Island has many more businesses with soon-to-be retiring owners causing […]

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Yes – As Boomers Retire, Mom-and-Pop Businesses Convert to Co-ops to Save Jobs

From Yes Magazine: Five years later, things are better for Rock City, though certainly not perfect. And at age 64, Ward is ready to retire. With help from Rob Brown of the Cooperative Development Institute (CDI) in Maine, she is now working on the details of transitioning Rock City to worker ownership. “I had three […]

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VT Digger – Employees Purchase The New School Of Montpelier From Founder As A Worker Cooperative

From VT Digger: The employees of The New School of Montpelier (NSM) in Vermont have purchased the school from its founder and will be operating it as the state’s largest worker cooperative. Founded in 2005 by Susan Kimmerly, the NSM serves students ages 6 – 22 with intensive disabilities; primarily children and young adults with autism, cognitive disabilities, and […]

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Pacific Standard – Buying Out Your Boss: Worker Cooperatives Are the Future of Small Business

From the Pacific Standard:  The recent Market Basket strike — 25,000 employees from 71 stores — was characterized by a Boston Review– and MIT Sloan-sponsored roundtable as The Summer of Market Basket. Unlike the summer’s other labor dispute to gain notoriety, fast food workers protesting for higher wages, the Market Basket strike seemed like a radical departure from a […]

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GEO – SBA Recognizes Worker Cooperatives as Small Businesses

From Grassroots Economic Organizing: Six worker cooperatives in New England have been the first to benefit from a new policy of the Small Business Administration to recognize worker cooperatives as small businesses. The Cooperative Fund of New England (CFNE), which helped to lobby for the award, received part of a $1 million dollar award last fall […]

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