Jessica Rose is a national employee ownership business strategist, who focuses on the unique role of capital to drive scale. She advises cities, grant-makers, and investors on cutting-edge models to expand economic opportunity through employee ownership and is deeply involved in the research and development of innovative, on-the ground employee-owned business development and financing models.
Jessica has a background as an entrepreneur and investment analyst, holds an MBA from the University of Notre Dame, is a Certified ESOP Fiduciary, and a Research Fellow with Rutgers University's Institute for Employee Ownership and Profit Sharing, for research into the role of capital in scaling employee ownership. She is an editor of the Fifty by Fifty newsletter and blog and her work has appeared in Common Dreams, The Daily Yonder, and The Albany Times-Union.
Jessica's personal journey out of poverty and subsequent community organizing experience inspired her interest in employee ownership as a tool to address wealth inequality and empower workers. She has been recognized with the 2018 Mendoza College of Business Alumni award for her work to promote socially responsible business models. She is passionate about alternative finance, social enterprise, and other cutting-edge market-based solutions to inequality.
- Next City
The Fund for Employee Ownership, funded by the Democracy Collaborative, is jumpstarting employee ownership for employees of the Evergreen Cooperative.
Typically it can take many months, even a year or more, to train employees before they’re prepared to purchase a business from its existing owner. The Fund offers to buy-out owners when they’re ready to sell or retire, and then get to the hard work of converting to employee ownership.
“We’re excited about the opportunity to accelerate that process of developing more employee-owners,” Rose says.
The Evergreen Cooperative in Cleveland, OH is featured as an example of the benefits of employee ownership. The Democracy Collaborative's Jessica Bonanno Rose, also a strategy advisor for Evergreen Cooperative, discusses what the goals of the Cooperative are.
The Evergreen Cooperatives' new fund that will acquire existing companies from retiring business owners and sell them back to the employees. This conversion strategy is gaining popularity among advocates of worker ownership in the face of a “Silver Tsunami” of retiring baby boomer business owners.
The Fund for Employee Ownership, as the Evergreen fund is called, is the latest and perhaps most potent initiative aimed at expanding employee ownership and the principles of democratic governance....
- Times Union
CFO, and Director of Employee-Ownership of the Democracy Collaborative, Jessica Rose writes in Times Union "Employee ownership can boost NY economy, families." Rose's op-ed highlights how empowee-ownership can boost upstate New York's economy:
"Companies owned by their employees are more widespread than you might think. Nationally, there are at least 7,000 of these firms in nearly every major industry, sector, and region of the U.S. In New York, many employee-owned businesses are recognized industry leaders and household brands, such as Cooperative Home Care Associates (CHCA) in the Bronx, and Chobani yogurt, in Norwich, which each employ more than 2,000 workers. Though structured differently, both offer employees an opportunity to share in the fruits of their labor which, in turn, makes workers invested in the company's success. It's not just fair, its smart: Extensive research shows that participatory employee ownership contributes to greater productivity and firm stability."