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

July 7, 2020
The role of regional cooperative banks

The role of regional cooperative banks in community wealth building

An important shift brought about by the community wealth building movement is towards regionalizing and localizing financial flows and keeping money in communities through initiatives such as local currencies and community banks. This is now rapidly catching on in the UK.

read more
July 7, 2020
Default Image

Building the democratic economy, from Preston to Cleveland

In June 2018 The Laura Flanders Show released a special report, “Building the Democratic Economy, from Preston to Cleveland ,” co-produced with The Democracy Collaborative. The documentary features the exciting trajectory of a new model of inclusive, democratic local economic development in what had

read more
July 7, 2020
The Preston model

The Preston model: An overview

The “Preston Model” is helping inspire a new conversation about the role of local government in catalyzing locally-driven economic revitalization and transforming patterns of ownership towards democratic alternatives.

read more