Skip to main content
Berry Insulation

This Strategic Acquisition Won’t Hang Workers Out to Dry

The Fund For Employee Ownership, an initiative started in part by The Democracy Collaborative, just helped one company become employee owned. 399 to go.

Meanwhile, Jones is looking forward to getting more employee-ownership conversions in his pipeline. He hopes to grow The Fund for Employee Ownership from its current $13 million in assets to $50 million by 2025, which he estimates would eventually cover about 40 worker-owned cooperative conversions across the country and 1,000-4,000 new employee-owners. Doing that will require finding more investors. The first few conversions will determine whether that can happen — if the companies perform well by staying on-time with repayments on the loans from the fund, it will help Jones build a case to other investors that the portfolio he’s building is a safe and reliable investment.

Read the entire article at Next City.

Publication date: 2020-03-05
Parent publication: Next City
Publication URL: https://nextcity.org/daily/entry/this-strategic-acquisition-wont-hang-workers-out-to-dry

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