Vermont Employee Ownership Center

www.veoc.org

Brattleboro Reformer – Workshop covers business succession

From the Brattleboro Reformer: A training program for business owners and key managers working towards an exit plan will be held from 2 to 5 p.m. Wednesday, Dec. 4, at the Brattleboro Development Credit Corporation offices at 76 Cotton Mill Hill. Participants will learn the basics of how to choose a path for ownership succession […]

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Burlington Free Press – Employee Owned Companies Gain Traction

From the Burlington Free Press: For Jason and Shaun, an ESOP was the perfect exit strategy. The brothers did not want to leave the fate of the employees who helped them build Alliance into a powerhouse in the hands of a buyer that might gut the place. They had originally thought of selling it to a […]

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Vermont Business Magazine – A year of change for employee-owned Gardener’s Supply

Read the full story at Vermont Business Magazine  “2018 was a transformative year for us,” says Cindy Turcot, one of the original employees and now President of Burlington-based Gardener’s Supply Company. A national retailer, Gardener’s Supply is one of Vermont’s best-known companies, a leader in the socially-responsible business community, and 100 percent employee-owned through an […]

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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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VT Digger – Gov. Phil Scott signs proclamation designation October as Employee Ownership Month

From VTDigger.org: Proctor, Vt. – At a signing ceremony Wednesday, Governor Phil Scott proclaimed October as Employee Ownership Month in Vermont. The proclamation recognizes the value of employee ownership to Vermont’s economy and in creating opportunities for Vermont workers. “Employee-owned companies play an important role in our economy, bringing stability, increasing productivity and supporting local […]

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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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