Michigan

Manistee News – There’s no reason workers can’t be corporate owners

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From the Manistee News: Worker-owned businesses might not act much differently from conventional companies in the market. Whether a company is owned by outside shareholders or by its own employees, the incentive to maximize profits should be similar. It seems unlikely that cooperatives would be more altruistic, honest or socially responsible than the corporations that […]

Fund for Employee Ownership

Impact Alpha – Leveraged buyout funds help businesses convert to worker-ownership

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From Impact Alpha: The widening wealth gap has sparked interest in worker ownership models that can build individual and community wealth. Across the U.S., about 6,000 companies have Employee Stock Ownership Plans, or ESOPs, and another 450 are worker co-ops. But the complexity involved and a lack of capital means those numbers have barely budged […]

ESOP

Plastics News – NewAge becomes fully employee owned

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From Plastics News: The seeds for NewAge’s future as an ESOP were initially planted back in the ’80s, when Baker received a piece of literature about employee ownership. The concept immediately resonated with him. While the company already was sharing profits through a gain sharing program, he wanted to take it further to develop committed, […]

Cincinnati Union Cooperative Initiative

City Beat – Cincinnati Co-Op Incubator to Host National Cooperative Symposium This Week

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From City Beat: Can worker-owned businesses, innovative affordable housing practices and other cooperative efforts decrease economic inequality? A local co-op incubator is holding a national event here this weekend to explore those possibilities.  Co-op Cincy, formerly known as the Cincinnati Union Cooperative Initiative, will bring more than 200 cooperative workers, business leaders and community and […]