W.J. Wheeler Insurance – South Paris, ME

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Industry: Insurance Location: South Paris, Maine Number of employees: 11 Became employee owned: 2019 Assistance: Cooperative Development Institute (CDI) Financing: Cooperative Fund of New England (CFNE) Learn more wjwheeler.com Press Herald – Make it easier for Maine workers to build wealth through ownership (2020) CDI – Leaving A Cooperative Legacy: After Five Generations, the W.J. Wheeler Insurance Agency […]

Mainer News – Woolwich, ME

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Industry: News Location: Woolwich, Maine Number of employees: 10 Became employee owned: 2019 Assistance: Cooperative Development Institute (CDI) Learn more mainernews.com The Bollard – Mainer is Born! (2019) The Bollard – The Mainer (2019)   Employee Owned Small Businesses in Maine Employee Owned Small Businesses Assisted by CDI

Insource Renewables – Pittsfield, ME

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Insource Renewables is a 10-employee Solar business in Pittsfield, Maine. The original owner recognized his limited capacity to continue to manage and grow his business as a sole proprietor and saw conversion to employee-ownership as a solution that would balance his lifelong commitment and anticipated growth of the business. Insource Renewables provides a unique opportunity […]

Cooperative Development Institute

Sun Journal – Chamber offers series on leaving a business

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From the Sun Journal: The Lewiston Auburn Metropolitan Chamber of Commerce, in partnership with the city of Lewiston Department of Economic Development and the Cooperative Development Institute, is offering a workshop series on leaving a business. Planning for Tomorrow is a three-part series on options and strategies for business owners to Exit Their Business and […]

Maine

Portland Press Herald – Bill would help retiring business owners transfer ownership to workers

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From Maine’s Portland Press Herald: NORTHPORT — In 1992, Susanne Ward and her husband, Patrick Reilley, founded Second Read Books and Coffee, Maine’s first espresso bar-bookstore. Rockland’s Main Street was a highly unlikely place for the two entrepreneurs to choose at that time, as the city was struggling with a collapsing fishing industry and many […]

Rock City Employee Cooperative – Rockland, ME

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Rock City Employee Cooperative is a 25-worker café and roastery in Rockland, ME, that became a cooperative corporation in 2018. The founder started the business in 1992 and saw in the sale an opportunity to reward workers for their efforts building the business, assurance that the café’s character as a main street community center would […]

Maine

Maine Public Radio – The Co-Op Economy in Maine

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From Maine Public Radio: For many people, when they hear the term ‘co-op’ they think of the local food store or maybe one of the lobster co-ops that dot the coast.  But Maine has co-ops of all sizes and types in the retail, agriculture, fisheries, manufacturing, housing, financial services and other sectors.  October is Co-op […]

Maine

Rural Cooperatives – Maine solar business pursues conversion to worker­owned co­op to sustain business, create more jobs

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From Rural Cooperatives: Much has been made of the oncoming wave of baby boomer retirements — dubbed the “Silver Tsunami” — and the opportunity for retiring business owners to convert to employee ownership as a business succession strategy. Particularly in rural areas, where the population is much older than average, selling any small business is […]