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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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Forum To Discuss Strategy For Saving Jobs When Small Businesses Close

From WAMC: Massachusetts loses an average of 42,000 jobs a year due to small business closings.  A nonprofit organization in Springfield is hosting a forum today to look at a strategy to save the jobs by selling the businesses to the employees.  WAMC’s Pioneer Valley Bureau Chief Paul Tuthill spoke with Fred Rose, co-director of the […]

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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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Retirement of Boomer Business Owners Could Leave Millions Jobless – Unless Workers Take Over

From In These Times (pdf): The federal government estimates that more than 10,000 baby boomers retire every day—4 million people every year. Between them, soon-to-retire boomers own 2.34 million businesses, with nearly 25 million employees. Boomer-owned businesses generate $949 billion in payroll, and $5.14 trillion in sales. Yet the vast majority of boomer business owners lack a written […]

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