From Insider NJ: We are encouraging employee ownership, and residential- and worker-owned cooperatives. As a beginning, the Council just passed an ordinance that’s the first of its kind. It encourages employee ownership for Newark based businesses. Company owners that are looking to sell or retire from their businesses will have an option of applying to […]
Read full article at Nonprofit Quarterly: At NPQ, we have written about the growing prominence of employee ownership, but mostly from the perspective of the value of preserving businesses and jobs in the community. Still, these community benefits will only be realized if business owners agree to sell to their employees. So, what would drive a business […]
From the Newark EDC: The City of Newark, under the leadership of Mayor Ras J. Baraka, is implementing the development of employee-owned businesses as a community wealth-building strategy. Our employee ownership initiative is designed to change the economic landscape for residents of Newark, NJ through the conversion of existing businesses to employee ownership. Historically, employee-owned […]
Want more company stories and news? Click here to look at another state.