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

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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 […]

Maine solar business pursues conversion to worker­owned co­op to sustain business, create more jobs

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From Rural Cooperatives: Much has been made of the oncoming wave of baby boomer retirements — dubbed the “Silver Tsunami” — and the opportunity for retiring business owners to convert to employee ownership as a business succession strategy. Particularly in rural areas, where the population is much older than average, selling any small business is […]

Impending Silver Tsunami a threat to job security

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From Crain’s Detroit: As highlighted by the excellent article “Robots” in the Aug. 28 issue of Crain’s Detroit Business, automation is indeed ending whole categories of jobs at a much faster rate than ever. But there’s an additional, largely ignored threat to job security nationwide: 2.34 million private businesses in the U.S. are owned by […]

How to get more women, minorities to own manufacturing firms

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From Crain’s Chicago: As many as 2,000 small local manufacturing firms could be up for sale in the next decade. Four local nonprofits want minority and female entrepreneurs to buy them. The Chicago Ownership Conversion Project aims to correct a “demographic crisis” in manufacturing by finding African-American, Hispanic and female buyers, as well as employee-led […]

Worker co-op bill being heard in Senate, could this model work for Benny’s? (CDI)

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From RIFuture.org: The Rhode Island Senate calendar for Tuesday features legislation that makes it easier to create and run worker-owned cooperatives.  The bill is “a statutory vehicle for the creation and functioning of workers’ cooperatives which are corporations that are owned and democratically governed by their members.” Read more RIFuture.org – Worker co-op bill being heard […]