Skip to main content
Default Image

Employee ownership can boost NY economy, families

Jessica Rose, CFO and Director of Employee-Ownership at the Democracy Collaborative, writes in Times Union, highlighting how employee-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.”
 

Read more in Times Union.

 

 

Publication date: 2018-01-07
Parent publication: Times Union
Publication URL: Employee ownership can boost NY economy, families

More related work

February 20, 2020
The workers of Berry Insulation pose in front of their company's truck

Evergreen’s Fund for Employee Ownership acquires its first company, setting Cleveland-based Berry Insulation on a path to being owned by its workers

A practical demonstration of a new model accelerating business conversions to employee ownership.

read more
February 17, 2020
Wind turbines behind solar panels

Supporting energy democracy through a Green New Deal

Five policy proposals to tackle an extractive economy.

read more
February 17, 2020
A bridge viewed from overhead

Ownership Futures: Towards democratic public ownership in the 21st century

The Democracy Collaborative and Common Wealth is undertaking a 2020 project to explore the frontiers of public ownership in the 21st century, particularly in the areas of digital infrastructure, data and platforms, intellectual property, and land and natural resources.

read more