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.