Connelly and others recognized that the community needed to take the lead in its own revival—or else risk having others develop the community, but in ways that promote gentrification and […]
Read More >Category Archives: Worker Co-op Stories
The Co-op That’s Keeping Community Money Out of Big Banks
Connelly’s credit union is part of a strategy by a nonprofit consortium of investors, financial organizations, and community development groups known as the Financial Cooperative to set up locally controlled […]
Read More >Nonprofit helps employees take hold of reins as business owners retire
“I’ve been approaching retirement for a long time,” Adams said with a chuckle. “I couldn’t imagine being 80 and carrying on at the same level, but how else do you […]
Read More >This new fund will help retiring baby boomers turn their businesses into worker co-ops
In May, the Evergreen Cooperatives, a network of worker-owned businesses in Cleveland, took over operations of a laundry facility owned by the Cleveland Clinic. On the surface, it was a […]
Read More >New Cleveland Fund Will Acquire Businesses and Sell Them Back to Workers
Tameka Thomas had returned to society after a five-year prison sentence, and a month after her release, she landed a job with Evergreen Cooperatives in Cleveland with help from a re-entry transition […]
Read More >Worker Ownership Initiative Launched by Nonprofit Lender in Nation’s Capital
Last week, a nonprofit community development financial institution (CDFI), the Washington Area Community Investment Fund (WACIF), which has operated in the nation’s capital since 1987, launched its DC Employee Ownership Initiative to help existing worker-owned business […]
Read More >Coalition Launches Rural Employee Ownership Transition Initiative in Maine
Two months ago, NPQ profiled an initiative supported by US Department of Agriculture (USDA) grants to encourage retiring business owners to sell their businesses to their employees in Oregon, Washington. Now a […]
Read More >Worker Ownership Initiative Launched by Nonprofit Lender in Nation’s Capital
The initiative will also provide lending support not just to businesses that convert to employee ownership, but to businesses that launch as worker cooperatives. An example cited at the forum […]
Read More >Listen to the Upstream Podcast on Worker Cooperatives — Islands within a Sea of Capitalism
Listen to the Upstream Podcast on Worker Cooperatives — Islands within a Sea of Capitalism In the second episode of the series on worker cooperatives, Upstream builds on the conversation […]
Read More >Philly wants to teach retiring business owners how to sell — to their workers
At least 20 percent of the stores on the corridor are owned and operated by black people who aren’t immigrants. The only corridor that rivals it in terms of percentage […]
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