ConstructionConverted to Employee OwnershipICA GroupIllinois

New Prairie Construction, Urbana IL

At a glance

Location: Urbana, IL
Industry: Construction
Number of employees: 25
Conversion date: 2018

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New Prairie Construction is a 25-employee general contractor in Urbana, Illinois, with a special focus on historic restoration and green building.  The two owners of the 30-year old company transitioned to a worker cooperative in order to pursue retirement and legacy goals, seeing a cooperative as the best path for the company to retain employees and its values in the long term. One owner will stay on as a member of the cooperative, and sees shared ownership model as continuation of the smart and inventive solutions employees demonstrate in their everyday work.

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