Industry: Food and Beverage Location: Boston, Massachusetts Number of employees: 150 Became employee owned: 2020 Assistance: Upside Down Consulting From the company https://cityfresh.com/ Learn more Boston Globe – Fast-growing City Fresh Foods sells a minority stake to its employees (2021) Bay State Banner – City Fresh Foods looks to give employees an ownership stake (2020) […]
Industry: Landscape Design / Planning Location: Greenfield, Massachusetts Number of employees: 7 Became employee owned: 2020 Assistance: Cooperative Development Institute (CDI) From the company https://www.regenerativedesigngroup.com/ https://www.regenerativedesigngroup.com/worker-owned/ Employee Owned Small Businesses in Massachusetts Employee Owned Small Businesses Assisted by Cooperative Development Institute
Industry: Construction, Architecture and Design Location: Easthampton, Massachusetts Number of employees: 7 Became employee owned: 2019 Financing: Shared Capital Cooperative Learn more oxbowdesignbuild.com VAWC – Oxbow Design Build Cooperative (2019) Hasler – Worker, Consumer, Producer….Owner (2018) Employee Owned Small Businesses in Construction Employee Owned Small Businesses in Architecture and Design Employee Owned Small Businesses in Massachusetts Employee Owned […]
Industry: Music Location: Northampton, Massachusetts Number of employees: 8 Became employee owned: 2019 From the company Downtown Sounds Workers Co-op (video) (2019) Downtown Sounds – Invest In Our Community: Invest In Downtown Sounds Workers Co-op! Learn more WRSI – Meet The New Bosses Around Downtown Sounds (audio) (2019) Daily Hampshire Gazette – Changing its tune: Downtown Sounds […]
From Truthout: It’s been more than 10 years since the financial crisis of 2008, and working people are still being hammered by its effects — stagnating wages, a widening gap between the rich and the poor, and a rise in the sharing economy to meet basic needs. At the same time, one legacy of the […]
From Fast Company: Massachusetts wants to nudge these business owners toward another option: selling their companies to their employees. The state hired two nonprofits with expertise in shifting to employee ownership models–Working World and ICA Group–to revive its Office for Employee Involvement and Ownership (EIO), which was initially established in the late 1980s but faded […]
From Nonprofit Quarterly: Vartikar says that most small businesses choose one of three options when their owner retires: 1) sell to a competitor or institutional buyer, 2) pass the company on to their children, or 3) shut down entirely. Vartikar estimates that two-thirds of businesses end up closing down. Now, however, state and business officials […]
From the Boston Business Journal: In an era of a widening wealth inequality, the time has come for the advancement of employee ownership models. That’s why I am thrilled that the EIO will soon be back in business. Over the last two years, thanks to the leadership and vision of Senate President Karen Spilka, who has worked […]
From the Boston Globe: he news: The Massachusetts Office of Business Development last month hired two consultants, ICA Group and Working Wealth, to revive the Massachusetts Office for Employee Involvement and Ownership. ICA and Working Wealth will be paid $150,000 to travel the state and preach the gospel of employee ownership — at events and in meetings with potential candidates […]
From the Daily Hampshire Gazette: Downtown Sounds, a city fixture for more than 40 years, is preparing to become a worker-owned cooperative, as the only owner the business has ever known, Joe Blumenthal, readies for retirement. “It’s really an institution in the community,” Blumenthal said this week. Blumenthal, 70, opened the store in 1976, with […]