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 Akron Beacon Journal: After 88 years, Buehler’s Fresh Foods soon will no longer be owned by the founding family. But the new owners are extremely familiar with the grocery stores. The 13 supermarkets are being sold to the company’s eligible employees through an employee stock ownership program, or ESOP. A new company named […]
From the USDA: Employee ownership can help a business prosper by creating financial incentives for performance and by providing more self management of working conditions and policies. These benefits may accrue whether businesses are organized as cooperatives or as Employee Stock Ownership Plans (ESOPs) when workers have a majority control. Employee owners in rural communities […]
From Bloomberg (pdf): Unlikely Pioneers: A machine shop takes a new approach to employee ownership David Baird knows machines. With almost 30 years’ experience running lathes, drills, and grinders, he can tell if a piece of equipment needs a tune-up by listening to its hum. Despite being a skilled craftsman, Baird figured he’d always be a […]
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