Since their inception ten years ago, the Evergreen Cooperatives in Cleveland, Ohio have served as a promising model of economic development in a post-industrial city. The three worker cooperatives—an industrial laundry company, a green energy services contractor, and a hydroponic greenhouse (pictured above)—collectively employ over 200 individuals, many of whom have become worker-owners. In a […]
The post With a New Fund, Evergreen Cooperatives Looks to Spread the ‘Cleveland Model’ appeared first on Locavesting.
Solar Company Powers Up With Employee-Ownership Program Inclusive Economy Challenge Served as Framework for Business Restructuring What is it with solar companies? They seem to be among the leaders in sharing ownership with workers—see Namaste Solar, South Mountain Company, and PV Squared, for example. The latest convert is Technicians for Sustainability (TFS), a Tucson-based solar energy installation company […]
The post How One Solar Company Transitioned to Worker Ownership appeared first on Locavesting.
Over the coming years, more than 2.3 million Baby Boomer business owners employing some 25 million Americans are set to retire. This Silver Tsunami, as it’s been called, presents the largest opportunity in generations to transfer ownership to workers—an idea that has gained fresh interest in recent years as wealth inequality and corporate concentration have […]
The post Funding for Worker-owned Businesses Gets Real appeared first on Locavesting.
On a muggy June day in St. Louis, a group of eager, determined faces filled an aggressively air-conditioned classroom. It was the start of the 2018 CommonBound conference, a gathering of community leaders and activists radically reimagining how we organize ourselves economically. The crowd was a diverse mix from across the country, and they were […]
The post From Breweries to Factory Floors, Worker Coops are Blooming appeared first on Locavesting.
Long before the JOBS Act and state-specific laws legalized investment crowdfunding, there was the direct public offering, or DPO, a sort of do-it-yourself IPO. Kassandra Mayhew of Cutting Edge Capital recently talked to Real Pickles cofounder Addie Rose Holland (pictured at left) about how a DPO helped the Greenfield, MA company transition to a worker-owned […]
The post Real Pickles: Anatomy of a Successful DPO appeared first on Locavesting.
Interest is growing in business models that share ownership more broadly, such as worker-owned coops and Employee Stock Ownership Plans (ESOPs). When ownership is concentrated in the hands of a few, little trickles down to workers—one reason wages have stagnated and the wealth gap has widened. Employees that have a stake in a company are also […]
How to address the growing income equality gap? Raising the minimum wage may help, but a more structural solution is to give workers a bigger piece of the pie through ownership. For business owners that want to share the wealth with their workers, there are two main ways of doing this: employee stock ownership plans […]