From TheNews.coop: Worker co-ops in the USA have welcomed the Main Street Employee Ownership Act, which improves access to capital and technical assistance for employee-owned businesses. Signed into law on 13 August, it is the first act to focus on employee ownership in more than 20 years. Although it provides no extra public funding, it does fast-track loan dispersal to […]

From TheConversation.com: The federal government just made it a lot easier to form an employee-owned business. In an increasingly rare example of bipartisan cooperation, President Donald Trump on Aug. 13 signed a defense bill into law that included a popular provision that allows the Small Business Administration to straightforwardly loan money to employee-owned businesses that wish to buy out […]

From NPQ:  As we noted in NPQ last fall, nearly half of US small business owners are baby boomers, aged 53 to 71. Collectively, they own 2.34 million businesses, employ 24.7 million people, and have combined sales of $5.14 trillion. It is estimated that 80 percent of these businesses lack a plan for what they are going to do when […]

From Harvard Business Review: The gap in wealth in the United States between the ultrawealthy and everyone else has reached its widest point in decades. One way to narrow the divide is through the use of worker buyouts, in which ownership of a company transfers from a single person or a small number of people […]