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 […]

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, […]

Georgia

Atlanta Business Journal – Choate Construction moves towards 100% employee-ownership

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From the Atlanta Business Journal:  One of Atlanta’s top private companies ranked by companywide revenue will soon be 100 percent employee owned. Atlanta-based Choate Construction Co. reported it is transferring beneficial ownership via the newly created Choate Employee Stock Ownership Plan (ESOP) Trust. Company founder Millard Choate said the firm was “solicited continuously over the years by […]

Democracy at Work Institute

National League of Cities – 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 […]

Peachy Green Clean – Athens, GA

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Industry: Cleaning Location: Athens, Georgia Number of employees: 6 Became employee owned: 2015 Learn more www.peachygreencleancoop.com FiveSeventy – Peachy Green Clean Co-op   Employee Owned Small Businesses in Cleaning Employee Owned Small Businesses in Georgia