Employee-owned businesses

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It’s really hard not to be an advocate of employee ownership

Employee ownership has too long been overlooked as a win-win solution for businesses and workers alike. That’s the view of Bill Young, founder and president of the Toronto-based Social Capital Partners.

That’s because employee-owned businesses offer “a proven wealth-creating vehicle” for individual employees; long-term wealth can be more resilient than income,

We bought the company! Vermont takes leading role in employee-owned businesses

Jason Patnaude calls it the worst day of his life. Patnaude, 54, attended vocational school in Essex after graduating high school, leaving early to install Megabucks machines. Two and a half years later, he was let go when the machines became obsolete. “My daughter was three months old, we built a house, and bought a

Making a Case (and Chairs, and Desks) for Employee Ownership

Employee-owned businesses tend to outperform their competitors, a growing body of research shows. According to the National Center of Employee Ownership, businesses with employee ownership models grow sales and employment at a faster rate than businesses without such programs. Employee-owned firms also perform better than their counterparts during recessions, per research from Georgetown University.

For companies

Gillibrand bill would encourage more employee-owned businesses

Sen. Kirsten Gillibrand (D-NY) is pushing for legislation that would provide more access to funding for employee-owned businesses. Gillibrand said there is an urgency to create more opportunities for retiring baby boomer business owners.

In 2007, Peter Rhodes wanted to sell his company, Syracuse Label and Surround Printing. His family was not interested in it and