Fund for Employee Ownership

Fifty by Fifty – Can a Private Equity Fund Model Help Scale Employee Ownership?

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From Fifty by Fifty: In a new paper, “Investing in Employee Ownership: Financing Conversions through a Private Equity Model,” Transform Finance proposes a private equity fund model to finance and scale employee ownership conversions in a worker-centric way. Transform Finance is a nonprofit “working towards a world where capital is aligned with social justice values and serves […]

ESOP

Forbes – I’m Here To Tell You We Sold The Company

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From Forbes: After several years of research and consulting, Kris and his two partners were ready to convert Essential Ingredients to an Employee Stock Ownership Program (ESOP) and sell the company to its employees. After announcing it to the team, the 15th anniversary party quickly turned into a crash course on employee ownership and a day of […]

ESOP

Star Tribune – Chew on this: Hell’s Kitchen owners sell their restaurant to employees

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From the Star Tribune Hell’s Kitchen, the Minneapolis restaurant known for irreverent marketing, a 35-foot Bloody Mary bar and lemon-ricotta pancakes, will soon stand out for something else: employee ownership. On Wednesday, owners Cynthia Gerdes and Steve Meyer closed the restaurant after lunch for a staff meeting, where they told more than 100 employees they […]

Minnesota

Star Tribune – Nexus Community Partners plans to further worker ownership and wealth

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From the Star Tribune: Twin Cities-based Nexus Community Partners plans to accelerate its worker-owned business initiative thanks to a $1.2 million grant it has received from the Kendeda Fund of Atlanta. Moreover, earlier this year, Nexus entered into a related partnership with the St. Paul Area Chamber of Commerce designed to get more small-business owners […]

Democracy at Work Institute

ASBN – How Employee Ownership Can Reshape the Economic Outlook of South Atlanta’s Minority Neighborhoods

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From the Atlanta Small Business Network: When it comes to small businesses and entrepreneurship, Atlanta is where business owners go to thrive. However, the story is not as bright for all of the city’s citizens. While Atlanta boasts a booming economy for most, the city became the number one most unequal large city in the country on […]

Capital Impact Partners

Next City – Can Employee Ownership Preserve Legacy Businesses in Communities of Color?

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From Next City: Philadelphia and other cities across the U.S. face an impending wave of small business upheaval as Baby Boomer-era owners reach and pass retirement age. The majority of those owners have no clear succession plan, nor do they have a new generation ready and willing to assume ownership. As this “silver tsunami” approaches, […]