Brokerage Platform Created by NCEO Allows Investors to Focus on Businesses with Shared Ownership and Inclusive Workplace CulturesT What do Southwest Airlines, Alphabet, and Etsy have in common? All are companies that have some degree of employee shared ownership and high-engagement workplace cultures. These are qualities that the National Center for Employee Ownership (NCEO) uses to determine […]
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Historic Federal Law Gives Employee-Owned Businesses Access to SBA Loans
by Steve Dubb As we noted in NPQ [Nonprofit Quarterly] last fall, nearly half of US small business owners are baby boomers, aged 53 to 71. Collectively, they own 2.34 million businesses, employ 24.7 million people, and have combined sales of $5.14 trillion. It is estimated that 80 percent of these businesses lack a plan for what they are going […]
Continue ReadingEmployee Ownership: Protecting Local Businesses
The loss of local businesses is not inevitable. By Melissa Hoover 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. […]
Continue ReadingThe Unsung Route to Employee Ownership
Employees Purchasing Their Division From a Major Corporation By Sarah Stranahan We usually think of ESOP conversions as a way for founders to sell private businesses to their employees, because that is the most common scenario for creating ESOPs. But ESOPs can also be used for other types of business succession, like purchasing a division […]
Continue ReadingWith 1 in 6 jobs at Risk, How do We Turn Lemons into Lemonade?
Shoring up against the silver tsunami small business crisis By Alison Lingane As employee ownership (EO) advocates search for effective ways to take EO to new heights, Project Equity in the Bay Area has pioneered a vital new method: begin in a city or region with an inventory analysis of businesses at risk of closure […]
Continue ReadingHow to Create Good Jobs
Some companies have learned to create good jobs for employees at every level of the organization, blue collar and white collar alike. By John Case Nearly every politician these days wants to create more jobs. And not just any jobs — good jobs. But what is a good job, and how does a company go about creating one? […]
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Performance Validation’s Journey By Richard Van Doel, Ph.D, President, Performance Validation On January, 2, 2018, Performance Validation (PV), a leading bio-technical, pharmaceutical and medical device industry contractor, became Indiana’s newest Employee Stock Ownership Plan (ESOP) company. As the president of this company, I’d like to share how our experience in educating employees about employee ownership — even before […]
Continue ReadingThe Divine Right of Capital
by Majorie Kelly The Sacred Texts. The Principle of Worldview. In the worldview of corporate financial statements, the aim is to pay stockholders as much as possible, and employees as little as possible. More and more people have the sense today that the economic system is rigged. In fact, according to a Marketplace and Edison poll, […]
Continue ReadingGoverning: Jobs without Bribes
An editorial by Governing’s publisher Mark Funkhouser highlights the potential of employee ownership to create new, stable jobs without the use of state tax incentives or corporate giveaways. “A few jurisdictions are beginning to explore this alternative. Legislation was introduced in Wisconsin that, among other things, would provide a capital gains tax exemption for employee ownership; loans […]
Continue ReadingFifty by Fifty Year in Review
Strategies for Getting to 50 Million Employee Owners by 2050 By Marjorie Kelly As we wrap the second year of the Fifty by Fifty project — aimed at getting to 50 million worker owners by 2050 — we’re more convinced than ever that the time is right for strategic interventions to catalyze the employee ownership field to a much larger […]
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