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.
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."
- Submitted by john on May 9th, 2018
CLEVELAND, OHIO — MAY 10, 2018 Evergreen Cooperative Laundry (ECL) announced a major expansion today in collaboration with Ohio’s second largest employer, taking over management of the Cleveland Clinic’s laundry facility in Cleveland’s Collinwood neighborhood. This additional location complements ECL’s original facility in Glenville. The expansion brings more than 100 new employees into the company, joining the 50 workers employed at the original laundry.
Celebrating this milestone for the workers at this employee-owned business, a proclamation from the City of Cleveland was delivered, highlighting the collaboration between ECL and Cleveland Clinic that will help strengthen and support the vitality of the local economy. “The City of Cleveland welcomes the opportunity for all businesses—new or well established—to participate and grow in our community,” said Mayor Frank G. Jackson. “Investments from employee-owned companies like Evergreen Cooperative Laundry help create more wealth for people in our neighborhoods while making our city an even more desirable place to live, work, play and do business.”
ECL is part of the Evergreen Cooperatives, a nationally celebrated network of companies in Cleveland, Ohio, that creates jobs and builds community wealth through cooperative business ownership. These businesses are located in historically disinvested neighborhoods. For Brett Jones, Executive Vice President at the Evergreen Cooperatives, “this expansion validates the core idea at the heart of the Evergreen model—that businesses owned by workers can succeed and thrive in the market, helping close the wealth gap.” Read more about Evergreen Cooperative Laundry Expands to Second Plant, More than Tripling Its Workforce...