Project Equity and Mission-Driven Finance collaboration offers flexible capital to businesses transitioning to employee ownership

After a second pandemic summer, this Labor Day feels unique, says Alison Lingane, co-founder of Project Equity, a nonprofit that supports the transition of businesses to employee ownership. …


Firms with high levels of employee participation show double the profits of peers

SRC Holdings considers open-book management as core to its overall success.

If it has long been known that employee participation is the secret to employee ownership success, why isn’t the practice more common? More than 30 years ago, Corey Rosen, the founder of National Center for Employee Ownership (NCEO), concluded from his research that “ESOP companies that instituted participation plans grew…


In June, Marjorie Kelly, executive vice president of The Democracy Collaborative and co-founder of Fifty by Fifty, was a guest on The ESOP Podcast, with host Bret Keisling. Kelly and Keisling had a wide-ranging hour-long conversation about employee ownership, and the reasons why the number of employee-owned companies has failed…


Fund announces first close at $30 million

pis & Heritage launched its Legacy Fund I to use employee ownership conversions as a strategy to close the racial wealth gap.

“There are two traditional paths to build wealth in America-you can own your home, or you can own your business,” says Phil Reeves, co-founder of Apis & Heritage Capital Partners (A&H). …


Dataset from first national survey of co-op workers publicly available through Democracy at Work Institute

Over the years, worker cooperatives have sparked the imagination and hope of many who dream of a more just alternative to the capitalist employment relationship.

In a cooperative, workers own and control the business democratically — in contrast with the dominant capitalist employment model, where business owners reap profits from…


New data shows Minnesotans over 55 own 52,000 local businesses

The Minnesota Employee Ownership Center launched in January 2020. …


Equitable Economy Fund will provide early-stage equity

Start.Coop Accelerator Cohort, 2021

In American business, a mystique surrounds the solo entrepreneur — but many of those who succeed in truth got a good deal of help along the way. One of the tools that has become ubiquitous in high-tech areas such as Silicon Valley is the business accelerator — a program that…


A 10-year review shows the Cleveland Model has delivered for workers

With profit-sharing, Evergreen Cooperative Laundry worker-owners are earning a blended rate of nearly $20 per hour.

Most small businesses have struggled to survive as the pandemic has dashed through just about every small town and big city across the U.S. Yet Cleveland’s Evergreen Cooperative Corporation is feeling pretty good. …


A “no hassle” form of employee ownership

The Employee Ownership Trust (EOT) is a relatively new concept in the United States, though it is a popular form of employee ownership in the United Kingdom. An EOT may be structured with a perpetual purpose trust managed by a trustee board and trust protector, similar to an Employee Stock…


Teaching faculty, researchers, and the public can access the Curriculum Library for Employee Ownership (CLEO)

Over the years, scholars have generated an enormous amount of evidence suggesting that employee ownership can strengthen firm performance, firm survival, and job stability, and improve employee economic well-being. …

Fifty by Fifty: Employee Ownership News

Working to grow employee ownership in the U.S. to 50 million by 2050. Learn more at http://fiftybyfifty.org and http://medium.com/fifty-by-fifty

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