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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

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