ICA Group

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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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For Retiring Business Owners, Worker-Owners Can Carry the Torch

From the International Economic Development Council (pdf): For the busy owners of small businesses, short-term pressures often take precedence over long-term planning. That’s why many business owners lack a succession plan to ensure that the enterprise will continue when they’re ready to step down. The stakes are especially high when the firm is a community […]

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Greenfield’s Ewing Controls invests in itself as it takes on international projects

From the Greenfield Recorder (pdf): Both men decided to move to co-op ownership, giving their employees a chance to buy into the business and allow for democratic governance, with each of the worker-owners having an equal share in the business. “For Tom and I, it was very much a business decision,” said Ewing, who specializes […]

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Hacking the American Dream: Progressive Senators Go Big for Worker Ownership

From Commondreams.org (pdf) Hacking the American Dream: Progressive Senators Go Big for Worker Ownership Two common-sense pieces of federal support for employee business ownership on the table The best-kept business model secret of our age is about to get the spotlight it has long deserved. It’s employee ownership—a proven, common-sense pathway to reduce inequality, anchor […]

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