What would be the contribution of cooperatives to work and employment? What is the achievement of cooperatives in developing decent work so far and what will be the challenges in the changing world of work? How can cooperatives provide the younger generation with workplaces and tools for realizing their dreams and ambitions with decent work … Read More
This brief reports on interviews with eleven Black small business owners focusing on their expectations around succession planning, and the impact that awareness of worker cooperatives would have on their decision-making process to sell their business to a worker cooperative when they decide to exit their business. An exit from their business also includes retirement … Read More
This mini-case study describes the Apis & Heritage Legacy Fund I (A&H), a private equity fund from Apis & Heritage Capital Partners LLC, that seeks to tackle the racial wealth gap and improve workplace outcomes by expanding employee ownership. A&H acquires profitable, privately held companies from retiring owners and converts them into 100% employee-owned businesses.
This short brief provides updated statistics and analysis regarding workers’ participation in employee ownership plans, and the wealth and job quality benefits those workers realize from their participation. The brief was presented as part of the 2023 Employee Ownership Ideas Forum cosponsored by Aspen Institute and the Institute for the Study of Employee Ownership and … Read More
Despite the enormity of the racial wealth gap in our country, the current conversation around Black wealth is healthy. Across every sector, and within every stakeholder group, many extraordinary Black business and economic leaders are convening and engaging in productive conversations about the state of Black America and the future of Black economic prosperity. We … Read More
This study looks at the potential of employee ownership transitioning Black workers from employees to cooperative owners in their place of work as one possible route to asset building that has growing interest. Low inheritance of assets leads to poverty as a driver of the racial wealth gap. With a focus on the nexus of … Read More
A collective labor of vision and determination by 38 contributors in six countries, three continents, this volume shows how solidarity, innovation, and conviction forge sustaining local and global social economy practices on behalf of the greater common good; recipient of Honorable Mention from 2024 Joyce Rothschild Book Prize.
Question: What wealth building effects do ESOPS have for families of color? Wealth is the set of resources, held in many forms, which can be leveraged or invested for economic stability, security, and wellbeing. It is well known and broadly accepted that in the United States there is a significant gap between the wealth held … Read More
How we structure ownership and work in healthcare matters. As a society, we underpay and under-support—under-care-for—the very workers we rely on to provide health and care services to others. The COVID-19 pandemic briefly spotlighted this fact as health workers braved risks to care for the vulnerable. The worst of that crisis has passed—but the extractive … Read More
This exploration of how employee ownership fits within South Africa’s Broad-Based Black Economic Empowerment framework was presented as part of the “Employee Ownership in South Africa” session at the 2023 Kelso Workshop. The interview of Shaun Smit, a transaction advisor with Transcend advisors in South Africa, was conducted by Graeme Nutall OBE, Fieldfisher Partner and … Read More
MyPath grew steadily since its inception in 1984 in an industry rife with regulations and oversight. Navigating the healthcare landscape and advocating for its disabled patients became a hallmark of the organization. Through the years, a strong culture emerged thanks in part to employee ownership which contributed to a ‘can-do’ attitude found at all levels … Read More
Founded in 2012, Golden Steps is a Brooklyn-based worker cooperative of immigrant women of color, all of whom have roots in Central and South America. Providing services to those who do not qualify for Medicare or need more than what Medicare will pay for, Golden Steps operates in a part of the market where home … Read More
Obran is a cooperatively owned holding company with a related financing arm. It recently acquired a 50-person home health care business based in Los Angeles and the cooperative is under letter of intent (LOI) for a 100-person home health business serving the Bay Area. With this unique model, the cooperative’s leadership seeks to create quality … Read More
The Evergreen Cooperative Laundry’s partnership with Cleveland Clinic is perhaps the best-known example of an “anchor institution” approach to economic development in the United States. The worker-owned business is the primary laundry vendor for the Cleveland Clinic’s entire northeast Ohio area. Their experience to date suggests that it is indeed possible for a health system … Read More
This case study examines Five Point Holistic Health, the Chicago health center organized as a worker cooperative. The center offers acupuncture, psychotherapy, and bodywork treatments and services. From its earliest days, the worker-owners of Five Point have prioritized making its services affordable and accessible to the community. After years of hard work, they have achieved … Read More
We continue to fail to adequately compensate most essential workers even as corporate profits remain high and wealth inequality and race and gender wealth gaps persist. Employee ownership has continued to emerge against this backdrop and across party lines as a potential strategy for building an economy where prosperity is more equitably shared. Awareness about … Read More
These resource slides are designed for teaching faculty who teach about organizational “alternatives” to dominant corporate and bureaucratic forms of organization. The slides include links to recommended books, films, organizational case studies, sample syllabi and other resources appropriate for a wide variety of college-level classes. Individual slides are tailored to specific classes, including Methods, Theory, … Read More
In this inside look at worker cooperatives, Joan Meyers challenges long-held views and beliefs. From the outside, worker cooperatives all seem to offer alternatives to bad jobs and unequal treatment by giving workers democratic control and equitable ownership of their workplaces. Some contend, however, that such egalitarianism and self-management come at the cost of efficiency … Read More
This free video-based educational program is designed to help minority business owners learn about employee ownership strategies for business succession planning. Developed by the Rutgers University NJ/NY Center for Employee Ownership, with the support of the Kellogg Foundation, this program will help business owners assess the relevance of establishing one of two employee ownership models, based … Read More
Worker cooperative practitioners and developers often claim that democratic worker ownership advances egalitarianism within and beyond the workplace, but most of the empirical evidence in the U.S. is based on ethnographic case studies or small-scale surveys. We leverage the first national survey about individuals’ experiences in these unique firms to ask if claims that co-ops … Read More
The United States business sector is dominated by small businesses that create new jobs at a rate considered faster than that of their larger competitors. Remarkably, military veterans own nearly 13 percent of small businesses. However, only eight percent of all veteran-owned firms are minority owned. The low percentage of minority-owned veteran businesses is perplexing … Read More
In this presentation to a business school class, Anne-Claire Broughton, Founder of the North Carolina Employee Ownership Center and Broughton Consulting, presents about employee ownership and pay fairness to Dr. Lynn Bowes-Sperry’s Business Ethics Course. Dr. Bowes-Sperry is Associate Professor of Management & Jack and Susan Acosta Endowed Chair at the California State East Bay … Read More
Policies and practices of the 19th and 20th centuries have had a lasting impact into this century. This is most evident when examining racialized wealth inequality between Black and White families. This study of low-income employee owners examines the following questions: (1) Does employee ownership reduce the racial wealth gap? (2) How does employee ownership … Read More
Even before the pandemic, many workers struggled to build wealth. Divisions between men and women, and between white households and households of color, are particularly striking. The pandemic has exacerbated and heightened awareness of these inequities, and there is a mounting sense of urgency to find practical solutions. Increasing participation in business ownership can help … Read More
Despite substantial scholarly attention to workforce demographic diversity, existing research is limited in understanding whether or in what contexts firm-level racial diversity relates to performance and workforce outcomes of the firm. Drawing on social interdependence theory along with insights from social exchange and psychological ownership theories, we propose that the use of broad-based stock options … Read More