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Worker Cooperatives

City governments building community wealth and cooperative local economies

Exciting news from Jacksonville, Florida, New York City, Austin, Texas and Richmond, Virginia

The past few weeks have seen a flurry of impressive activity at the level of city government, all around policies designed to build community wealth and encourage the growth of cooperative local economies. It's encouraging to see that the work of grassroots developers, local foundations, community activists, and field builders (like ourselves here at the Democracy Collaborative) is beginning to gain a foothold in the world of municipal policy. Read more about City governments building community wealth and cooperative local economies ...

Will Impact Investors Embrace Employee-Owned Companies?

Anne Field
Forbes

Writing for Forbes, Anne Field takes a look at our new report exploring the impact investing landscape for employee ownership:

For social entrepreneurs concerned about growing income inequality in the U.S. and around the world, one way to spread the wealth is through employee ownership. With that in mind, you’d think impact investors would be clamoring to invest in such companies....

Read more about Fifty By Fifty's new report in Forbes...

Hacking the American Dream: Progressive Senators Go Big for Worker Ownership

Jessica Bonanno
Common Dreams

Two common-sense pieces of federal support for employee business ownership on the table...

The best-kept business model secret of our age is about to get the spotlight it has long deserved. It's employee ownership—a proven, common-sense pathway to reduce inequality, anchor jobs at home, and rebuild a strong and stable economy, using a vehicle that’s as American as apple pie: making entrepreneurs out of regular, working folks.

Democracy Collaborative's—Chief Financial Officer and Director of Employee Ownership Programs—Jessica Bonanno writes in Common Dreams about the benefits of employee ownership...read more  

Employee ownership can pay dividends for investors, too

Dennis Price
Impact Alpha

Investment opportunities in employee ownership are limited but emerging, says a new report from the Democracy Collaborative, authored by Mary Ann Beyster of the Foundation for Enterprise Development.

Impact Alpha cites "Impact investing and employee ownership" by Fifty by Fifty in it's article by about the profits of Employee Ownership...read here 

Marjorie Kelly To Address Employee Ownership Conference

VT Digge

May 2, 2017 — Registration is now live for the Vermont Employee Ownership Conference, to be held on Thursday, June 2, 2017 from from 7:30 am to 5:00 pm. The conference will offer a morning keynote by Marjorie Kelly, Senior Fellow at the Democracy Collaborative and author of Owning Our Future: The Emerging Ownership Revolution, on the topic of “Who Owns America?”...read more

Chronicling the Lives of the Working Poor Across America

The Leonard Lopate Show
wnyc

Pulitzer Prize-winning author, journalist and Columbia Journalism School professor Dale Maharidge crossed the country to chronicle the lives of today's working poor, from farmworkers in southern California fighting against low wages and a devastating drought, to heroin stricken communities in northern Maine that have been abandoned by industry. His story, “American Ballad: A Photographic Chronicle of America's Working Poor,” marks the 75th anniversary of James Agee’s Let Us Now Praise Famous Men. It was published in the December issue of Smithsonian Magazine...listen here 

Taking Employee Ownership to Scale: Learning + Design Session

Democracy at Work Institute, The Democracy Collaborative

On June 13 and 14, 2016 in Washington, DC, many of the nation’s leading experts in employee ownership, sustainable business and finance, community and economic development, and philanthropy came together in a Learning + Design session. Co-hosts for the meeting were Marjorie Kelly and Jessica Bonanno of The Democracy Collaborative and Camille Kerr of Democracy at Work Institute. The purpose of the session was to discuss how to achieve unprecedented scale of employee ownership by focusing on achieving an audacious goal: 50 million U.S. employee-owners by 2050. This report summarizes and expands upon the June meeting:

The Cooperative Growth Ecosystem

Melissa Hoover and Hilary Abell
The Democracy At Work Institute, Project Equity

This second paper in Citi Community Development’s Building the Inclusive Economy series focuses on scaling worker cooperatives as a means to create quality jobs and wealth-building opportunities for low-income workers. Authored by Hillary Abell, Co-founder of Project Equity, and Melissa Hoover, Executive Director of the Democracy at Work Institute, the report draws from the experiences of Cincinnati, Ohio, Madison, Wisconsin, New York City, the San Francisco Bay area, and western North Carolina to develop a framework for understanding the successful components of a “cooperative growth ecosystem.” These include collaboration across sectors, diverse funding streams, and a “guiding coalition” to create a strategic vision:

Green Taxi Cooperative: Building an alternative to the corporate "Sharing Economy"

New worker-owned taxi cooperative set to launch with 800 drivers in Denver

The “Sharing Economy” is comprised of corporations like Uber and Airbnb—that don’t actually do much sharing. But real alternatives that build community and cooperative ownership are under development across the country—like Green Taxi Cooperative, an emerging worker-owned business in Denver, Colorado that just received the regulatory approval they need to launch the 800-driver strong cooperatively-owned and union-organized company. Read more about Green Taxi Cooperative: Building an alternative to the corporate "Sharing Economy"...

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