Outskirts Vintage – Chicago, IL

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Industry: Clothing Location: Chicago, Illinois Number of employees: 3 Became employee owned: 2019 Financing: Shared Capital Cooperative Learn more outskirtschicago.com Shared Capital – Recent Borrowers   Employee Owned Small Businesses in Illinois Employee Owned Small Businesses Financed by Shared Capital Cooperative

Illinois

Illinois Proposal Aims To Empower Worker Co-Ops

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From NPR: Some Illinois lawmakers want to make it easier for worker cooperatives to grow. Co-ops allow their employees to also be the owners. But state law doesn’t recognize them as a business entity, which makes it hard to get financial backing. State Rep. Carol Ammons, a Democrat from Urbana, is sponsoring legislation that would […]

Illinois

John Marshall BELAW Clinic Helps Get Worker Cooperative Resolution Passed in Cook County

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From John Marshall Law School The Business Enterprise Law Clinic (BELAW) at The John Marshall Law School in Chicago has been instrumental in helping get a resolution passed before the Cook County Board of Commissioners. The resolution provides additional support to worker cooperative businesses. For the past year, students enrolled in John Marshall’s BELAW Clinic […]

Illinois

Worker cooperatives face particular challenges in Illinois

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From the Chicago Reporter: With the help of Centro de Trabajadores Unidos, a worker and immigrant rights center on the city’s far Southeast Side, Sandoval and the women formed Las Visionarias (The Visionaries) Cooperativa two years ago. The female-led catering company specializing in Mexican dishes became CTU’s first worker cooperative. In a worker co-op, workers […]

Illinois

A New Push For Employee Ownership in Chicago

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From Forbes: Social entrepreneurs interested in ESOPs and worker owned cooperatives: Take a look at what’s happening in the Chicago area. The Cook County Commission on Social Innovation, which was formed in 2016 to foster initiatives related to underemployment, public health, education and a slew of other issues, is exploring a variety of ways to support […]

New Prairie Construction – Urbana, IL

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New Prairie Construction is a 25-employee general contractor in Urbana, Illinois, with a special focus on historic restoration and green building.  The two owners of the 30-year old company transitioned to a worker cooperative in order to pursue retirement and legacy goals, seeing a cooperative as the best path for the company to retain employees […]