North Carolina

Wealth Works – Employee Ownership Pays Off

Posted on

From Wealth Works: Interest in employee ownership and other bottom-up business strategies has increased in western North Carolina and surrounding areas. Opportunity Threads is a success story that provides a model for employee ownership within the region. Founded in 2008 by a native of Morganton, North Carolina, Molly Hemstreet, Opportunity Threads employs about two dozen […]

Minnesota

Yes – The Co-op That’s Keeping Community Money Out of Big Banks

Posted on

From Yes! Magazine: The Financial Cooperative calls its task “nonextractive” or “regenerative finance.” The goal is to give control of capital to communities that have been most marginalized, but also to funnel capital into those communities. It believes in cooperative control of community financial institutions and set itself up as a cooperative nonprofit, with each […]

Carolina Common Enterprise

NC Budget and Tax Center – Down Home Capital: How Converting Businesses into Employee-Owned Enterprises Can Save Jobs and Empower Communities

Posted on

From The North Carolina Budget and Tax Center: North Carolina has the potential to turn a grave challenge into a transformative economic opportunity. Thousands of businesses could disappear over the coming years as baby boomer entrepreneurs enter retirement, threatening to deal a heavy blow to communities across the state. However, by helping many of these […]

News

Next City – Can Employee Ownership Preserve Durham’s Legacy of Black Businesses?

Posted on

From Next  City:  Durham, N.C., was once known nationally for its “Black Wall Street,” a cluster of flourishing black-owned financial institutions and businesses that sprang up around Parrish Street during the Jim Crow era, including some iconic insurance and finance firms such as Mechanics and Farmers Bank and North Carolina Mutual Life Insurance Company. With […]

News

City of Durham – Durham Commits to Shared Equity in Economic Development with Local Business Retention via Employee Ownership

Posted on

From the City of Durham:  DURHAM, N.C. – Thanks to the City of Durham’s inclusion in a recent fellowship, long-standing Durham minority business owners can soon expect outreach for help with succession planning and employeeownership options. Durham is one of four cities recently selected to participate in the Shared Equity in Economic Development (SEED) Fellowship, […]

Democracy at Work Institute

IEDC – For Retiring Business Owners, Worker-Owners Can Carry the Torch

Posted on

From the International Economic Development Council (pdf): For the busy owners of small businesses, short-term pressures often take precedence over long-term planning. That’s why many business owners lack a succession plan to ensure that the enterprise will continue when they’re ready to step down. The stakes are especially high when the firm is a community […]