Democracy at Work Institute

Commonwealth Hudson Valley – Cooperative Strategies 3: Support Conversions

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From: Commonwealth Hudson Valley: In Philadelphia, city officials have teamed up with the Philadelphia Area Cooperative Alliance (PACA) to support coop conversionsalong West Philly’s 52nd Street corridor. The area has one of the densest concentrations of black-owned businesses in the city, and many of the owners are at or beyond retirement age, with no prospects of […]

Cooperative Development Institute

NPQ – Nonprofit Takes Leadership Role to Address Business Succession “Tsunami”

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From NPQ: Here at NPQ, we have noted that a business ownership succession wave—often called the “silver tsunami”—is rising. According to the nonprofit Project Equity, nationally “baby boomers own 2.34 million businesses, employ 24.7 million people, and have combined annual sales of $5.14 trillion.” Sadly, 80 percent of these businesses lack succession plans. Slowly, awareness of the looming crisis is […]

Railroad Avenue Supply Company – Stamford, NY

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Location: New York Industry: Hardware Number of employees: 6 Became employee owned: 2018 Assistance: Cooperative Development Institute (CDI) Railroad Avenue Supply Company is a 6-person Ace-affiliated hardware store in Stamford, New York. The owner decided to sell to employees because it would keep the store open and maintain jobs. The seller is a second generation owner […]

Cooperation Buffalo

Fifty by Fifty – New Employee Ownership Mandate for Small Business Development Centers

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From Fifty by Fifty: Fifty by Fifty recently spoke to Andrew Delmonte, a business advisor and the social enterprise coordinator for the Small Business Development Center (SBDC) at Buffalo State College, part of the State University of New York. Delmonte has had a longstanding interest in employee ownership and cooperatives, which he brought with him […]

New York

Urban CNY – Gillibrand Visits Syracuse Label & Surround Printing In North Syracuse to Announce Bipartisan Co-Op and Employee Ownership Legislation

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From Urban CNY: North Syracuse, NY – U.S. Senator Kirsten Gillibrand visited Syracuse Label & Surround Printing, which supports worker-owned co-ops, to announce her bipartisan legislation the Main Street Employee Ownership Act, which would support small businesses that invest in and reward their workers and communities by transitioning to an Employee Stock Ownership Plan (ESOP) or a cooperative […]

Brooklyn Stone and Tile, Brooklyn NY

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Brooklyn Stone and Tile is a converted 8 employee business with a pilot three worker-owner cooperative that sells and installs tiles and marble countertops in New York City. The owner chose to sell to employees because he was retiring after 30 years. The converted business has begun manufacturing in the Brooklyn Navy Yards, a city […]

New Jersey

NPQ – Nonprofits Shift Baby Boomer Businesses to Worker Ownership in Bid for Community Sustainability

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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 […]

A Child’s Place – Queens, NY

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A Child’s Place is a 50 worker daycare center in Queens, New York. The founders have pursued employee ownership to preserve the mission and legacy of their business while also fighting the rapid gentrification of their neighborhood. The business has several long-term employees who have watched a generation of students grow up,and are now taking […]