Maine

Bill would help retiring business owners transfer ownership to workers

Posted on

From Maine’s Portland Press Herald: NORTHPORT — In 1992, Susanne Ward and her husband, Patrick Reilley, founded Second Read Books and Coffee, Maine’s first espresso bar-bookstore. Rockland’s Main Street was a highly unlikely place for the two entrepreneurs to choose at that time, as the city was struggling with a collapsing fishing industry and many […]

Uncategorized

Nonprofits Shift Baby Boomer Businesses to Worker Ownership in Bid for Community Sustainability

Posted on

From Nonprofit Quarterly: At NPQ, we have written about the growing prominence of employee ownership, but mostly from the perspective of the value of preserving businesses and jobs in the community. Still, these community benefits will only be realized if business owners agree to sell to their employees. So, what would drive a business owner to do […]

Uncategorized

Why an Increasing Number of Retiring Entrepreneurs Are Selling the Business to Their Employees

Posted on

From Entrepreneur: Baby boomers own about half of all privately-held companies with employees in the United States. The 2.4 million business owners who belong to this aging demographic (one-third of whom have already passed 65) will need to develop sound and sensible exit strategies. As they look to the future, there is an elegant solution […]

New Mexico

Winning Coffee Co. Moves Towards Becoming a Co-op

Posted on

From the Weekly Alibi (pdf): Winning Coffee Co. has been an Albuquerque establishment for 20 years. It’s a daily routine for students, professors, street folks, laptop nomads and newspaper-reading, life-advice-giving old townies. It’s home to a regular pop-up bookshop (Bradley’s Books), a rotating gallery that features local artists, a punk rock open mic night, countless local […]

News

The Co-Op Economy in Maine

Posted on

From Maine Public Radio: For many people, when they hear the term ‘co-op’ they think of the local food store or maybe one of the lobster co-ops that dot the coast.  But Maine has co-ops of all sizes and types in the retail, agriculture, fisheries, manufacturing, housing, financial services and other sectors.  October is Co-op […]

News

Employees to own all Buehler’s supermarkets

Posted on

From the Akron Beacon Journal: After 88 years, Buehler’s Fresh Foods soon will no longer be owned by the founding family. But the new owners are extremely familiar with the grocery stores. The 13 supermarkets are being sold to the company’s eligible employees through an employee stock ownership program, or ESOP. A new company named […]