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 who after 30 years is creating job descriptions for new leadership positions in the company.

Location: New York
Industry: Hardware
Number of employees: 6
Became employee owned: 2018
Assistance: Cooperative Development Institute (CDI)
Financing: Cooperative Fund of New England (CFNE)

From the company

• http://rascoace.com/

Learn more

• Catskill Mountain News – Stamford ACE Hardware Goes Co-op (2019)
• Hardware Connection – Are the Employees Ready to Take Over (2019)

Video

 

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Employee Owned Small Businesses in New York

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Employee Owned Small Businesses Assisted by Cooperative Fund of New England