Colorado

Gov. Polis signs executive order to establish commission on employee ownership

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From KOAA News 5: Governor Jared Polis was in Colorado Springs Wednesday to sign an executive order that establishes a commission on employee ownership. The commission will provide support and resources for businesses that want to become employee-owned. “When employees succeed, the business succeeds, and when the business succeeds, the employees succeed,” said Governor Polis. […]

ICA Group

How Massachusetts is working to get retiring business owners to let their employees take over

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From Fast Company: Massachusetts wants to nudge these business owners toward another option: selling their companies to their employees. The state hired two nonprofits with expertise in shifting to employee ownership models–Working World and ICA Group–to revive its Office for Employee Involvement and Ownership (EIO), which was initially established in the late 1980s but faded […]

ICA Group

Mass. lawmakers revive effort to spur employee ownership

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From the Boston Globe: he news: The Massachusetts Office of Business Development last month hired two consultants, ICA Group and Working Wealth, to revive the Massachusetts Office for Employee Involvement and Ownership. ICA and Working Wealth will be paid $150,000 to travel the state and preach the gospel of employee ownership — at events and in meetings with potential candidates […]

Grocery

Owners sell Save-A-Lot, Food City to employees

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From the Lewiston Sun Journal: Instead of traditionally selling their grocery chain, CEO Zak Sclar and his father, Stanley, opted to sell seven Food Cities and two Save-A-Lots to employees through an employee stock ownership plan. Through hoped-for annual profits, workers will pay the Sclars back and each year earn shares of the company that […]