Mosaic Capital Partners Leads Conversion to Employee Ownership by Karen Kahn Best Friends Pet Hotel is a growing pet boarding, day care, grooming and training business, with 30 locations throughout the country. Every day, pet owners trust the devoted staff of Best Friends to care for their furry family members. It’s recent transition to employee ownership […]
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Miami Gears Up to Expand Employee Ownership
Local anti-poverty organization, Catalyst Miami, partners with JP Morgan Chase This story, part of our series on cities growing employee ownership, is based an op ed that appeared in the Miami Herald. In 2016, a report from Florida International University recommended employee-owned cooperatives as one of several strategies to stem gentrification and build community wealth in Miami, a […]
Continue ReadingMoving Toward More Equitable Workplaces: B Corps Share Business Rights and Responsibilities
Companies See Bottom-Line Benefits From Worker Ownership by B the Change Thinking long-term. Acting like a team player. Caring for the customers. Showing ownership mentality. While any business would be lucky to have employees with those qualities, they’re a priority when Technicians for Sustainability (TFS) looks to hire. Inclusion and empowerment always have been part of the […]
Continue ReadingTo Preserve African-American Businesses, Durham, NC, Turns to Employee Ownership
As Black Business Owners Approach Retirement, Succession Planning Lags This story is based on reporting from Next City. Fifty by Fifty is beginning 2019 with a new series exploring city strategies for growing employee ownership. In our first article, we look at how Durham, NC, a city with a strong legacy of African-American entrepreneurial activity, is promoting […]
Continue ReadingEmployee Ownership Championed by Leading Responsible Business Association
ASBC sees employee ownership as key to building a sustainable economy by Sarah Stranahan The American Sustainable Business Council (ASBC) is a network of businesses and business associations that have committed themselves to the triple bottom line of people, planet, and profit. In recent years, advancing employee ownership has been a key component of ASBC’s agenda: to […]
Continue ReadingWorker Cooperative Report for 2017 Shows Continued Growth
Conversions of conventional firms represent 25 percent of new coops by Karen Kahn In their annual report, “Worker Cooperatives: State of the Sector,” the Democracy at Work Institute (DAWI) and the U.S. Federation of Cooperatives paint a picture of the cooperative sector and how it is changing over time. Among the key findings, the sector continues to grow at a […]
Continue ReadingFifty by Fifty Inspires Employee Ownership Campaign in Scotland
Scotland for EO Sets “Audacious” Goal for Scaling Up Employee Ownership Last summer, First Minister of Scotland Nicola Sturgeon launched Scotland for EO, a public-private partnership to lead efforts to expand the number of employee-owned companies across Scotland. The campaign goal is to increase the number of employee-owned companies from 100 to 500 by 2030. Says […]
Continue ReadingAre Cooperatives Really So Difficult to Finance?
Cooperative Fund of New England Is Meeting the Challenge by Micha Josephy Cooperative Fund of New England (CFNE) is a community development financial institution (CDFI), founded in 1975 to provide financing and development support to New England’s cooperatives. CFNE aggregates loan capital largely from individual and family trust investors, as well as co-ops, government agencies, foundations […]
Continue ReadingEvergreen Cooperatives Launch Fund for Employee Ownership
New Fund to preserve jobs by acquiring companies and converting them to employee ownership “ Our theory is that the reason employee ownership has been slow to grow is a lack of agency — no one is incentivized to promote employee ownership conversions in a way that can compete with the strength of the traditional mergers and […]
Continue ReadingEmployee Ownership Policy Update
With mid-term elections around the corner, Fifty by Fifty is tracking the latest policy developments in the employee ownership arena. SBA draft regulations open for comment The Small Business Administration has issued proposed regulations to clearly define the loan process for the 7 (a) Preferred Lender Program, following the passage of the Main Street Employee Ownership […]
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