Our free online course helps small business owners understand the full process of becoming employee owned, from your initial exploration, to assessing your company’s readiness for an ownership transition, to structuring the transition.
- Mexcon – Philadelphia, PA
- Hivemind – Philadelphia, PA
- 1149 Cooperative – Philadelphia, PA
- Bonfire Media Collective – Philadelphia, PA
- PWA Handyman – Philadelphia, PA
- Home Care Associates – Philadelphia, PA
- Childspace Daycare Centers – Philadelphia, PA
- O&O Supermarkets – Philadelphia, PA
- Next City – Can Employee Ownership Preserve Legacy Businesses in Communities of Color?
- Truthout – Explosion of Interest in Worker Cooperatives Drives Economic Changes
- Lancaster Online – What’s an ESOP? Experts say employee stock ownership plans help keep businesses in PA
- Generocity – 3 local gov staffers are studying other cities’ coops to boost Philly’s democratic biz economy
- National League of Cities – Employee-Owned Businesses a Tool for Equitable Growth
- Justia – 2014 Pennsylvania Consolidated Statutes Title 15 – CORPORATIONS AND UNINCORPORATED ASSOCIATIONS, Chapter 77 – Workers’ Cooperative Corporations
- DMLP – Forming a Journalism Cooperative in Pennsylvania
- City of Philadelphia – SEED Fellowship Presentation (2018)
- Philadelphia Inquirer – Philly wants to teach retiring business owners how to sell — to their workers (2018)
- Generocity – 3 local gov staffers are studying other cities’ co-ops to boost Philly’s democratic biz economy (2018)
- Next City – Worker Co-ops Catch on in Philadelphia (2018)
- NLC – Employee-Owned Businesses a Tool for Equitable Growth (2018)
- PACA – Public Policy to Support the Growth of Cooperative Businesses in Philadelphia (2018)
- PACA – City Council Asks (2018)
- Philadelphia Sun – Philadelphia to join ten other cities in investing in cooperative development (2016)
An employee-owned business is owned and controlled by its employees. While there are a number of legal entity options – cooperative corporations, LLCs, trusts – they all share equity ownership that gives employees real risk and reward, and a path for employee participation to voice their desires, and to improve their work life.
Small businesses that are employee-owned are often organized as worker cooperatives – value-driven business that put employees and community benefit at the core of its purpose. The central characteristics are:
- Workers own the business and participate in its financial success on the basis of their labor.
- Workers vote for their representation on the board of directors, with the principle of one worker, one vote.
- In addition to their economic and governance participation, worker-owners participate in day-to-day management structures.