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How Massachusetts is working to get retiring business owners to let their employees take over

From Fast Company: Massachusetts wants to nudge these business owners toward another option: selling their companies to their employees. The state hired two nonprofits with expertise in shifting to employee ownership models–Working World and ICA Group–to revive its Office for Employee Involvement and Ownership (EIO), which was initially established in the late 1980s but faded […]

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Are Cooperatives Really So Difficult to Finance?

From Fifty by Fifty: Since 2012, CFNE has financed 15 co-op conversions including providing nine loans for business acquisitions and twelve working capital lines of credit to recently converted businesses. Some of our borrowers include: A Yard & A Half Landscaping Co-op, a largely immigrant co-op serving residences throughout the greater Boston area; Island Employee […]

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The Employee Ownership Solution to the Silver Tsunami

From Beneficial State Bank: Linda and Gregory Coles founded their preschool, A Child’s Place, in their Queens, NY basement in 1983. Over the years it grew steadily and developed a deeply loyal community. Now they own a large building, employ more than 50 people and serve hundreds of families. Former students bring their own kids to […]

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6 Ways We’re Already Leading an Economic Revolution

From Yes Magazine: Worker-cooperative advocates are building a parallel ecosystem of this kind all across the country. Cooperative development projects like the Wellspring Collaborative in Springfield, Massachusetts, and the CERO cooperative in Boston are creating exciting new crowdfunding mechanisms to help communities launch democratic enterprises. Organizations like The Working World and the Shared Capital Cooperative […]

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Webinar Recap – Poverty Alleviation and Systems Change with Worker Cooperatives

From Emerging Practitioners in Philanthropy: A time-tested approach to community economic development internationally, worker cooperative businesses are making inroads in the United States with regional initiatives in New York City, Madison, the Bay Area, and rural areas in the South. In this webinar, we aim to introduce worker-cooperative development as an innovative approach to poverty […]

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Brooklyn Grocery Proving Cooperative Business Works

From Next City: Two years ago, through the Exalt Youth program for youth in the criminal justice system, Christina Thomas got a six-week internship at Bed-Stuy Fresh and Local. She was 16. The owners, Sheila Akbar and Dylan Ricards, liked her so much they offered her a permanent position at the end of her internship. […]

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