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Employee Ownership and The Promise of Quality Jobs

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From the Times of San Diego: In California and nationally, historically low unemployment rates are not a sign of prosperity, but indicatethe arrival of an economy that specializes in creating low-paying, temporary jobs with no benefits or job security. According to a Princeton University study, such positions were responsible for 94 percent of American job growth […]

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3 local gov staffers are studying other cities’ coops to boost Philly’s democratic biz economy

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From Generocity: Cooperative biz models aren’t new in Philadelphia, but lately, they’ve been getting a bit more top-down support. A yearlong fellowship that teaches city leaders the necessary skills for catalyzing democratic business ownership is working in three local commercial corridors: 52nd Street, Woodland Avenue and East Passyunk Avenue. The SEED Fellowship — which stands for Shared Equity in […]

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Durham Commits to Shared Equity in Economic Development with Local Business Retention via Employee Ownership

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From the City of Durham:  DURHAM, N.C. – Thanks to the City of Durham’s inclusion in a recent fellowship, long-standing Durham minority business owners can soon expect outreach for help with succession planning and employeeownership options. Durham is one of four cities recently selected to participate in the Shared Equity in Economic Development (SEED) Fellowship, […]

Georgia

Employee-Owned Businesses a Tool for Equitable Growth

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From the National League of Cities:  Income and wealth inequality, exploitative working conditions and displacement are critical issues faced by communities across the country. These challenges require strategies that create both stable employment and access to opportunities for building assets. Local governments have traditionally invested in the dual pathways of entrepreneurship and workforce development to […]

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Worker Co-ops Catch on in Philadelphia

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From Next City: Last fall, Colombia native Luis Eduardo Lozano and four other immigrant day laborers, tired of the indignities of scant, irregular hours and wage theft from employers, formalized the PWA Handymen Cooperative in Philadelphia. Now the worker-owned LLC offers residential and commercial interior and exterior renovation services. “To work in a co-op means […]