Transitioning your small business to employee ownership can have positive impacts on employee engagement, productivity, and retention; anchor a lasting legacy for your efforts building the business; and offer a financially rewarding exit path that can be supported by experienced professional assistance.
The Democracy at Work Institute publishing program was created to develop practical resources, conduct research, and promote the thinking of cooperative developers and worker-owners. We will develop tools and resources to promote best practices for worker cooperatives, developers, and those interested in worker cooperatives as a tool for economic and community development. Our foundational research program will cover everything from a census of the number and type of worker cooperatives and cooperative development efforts, to research on access to capital for worker cooperatives. We will investigate barriers to cooperative development, and economic impacts of shared ownership. Our publications will also be a forum for cooperative developers and members to share their wisdom - and their opinions - about worker cooperative development and functioning. Topics are as broad as proposals for new anchor institution strategies and as specific as a thought piece on founders' credits and incentives for growth.
We all have a stake in cultivating and preserving a vibrant small business community. Thriving small businesses promote job stability for local residents and anchor neighborhoods that help driving local economies.
Together with Citi Community Development, Democracy at Work Institute (DAWI) is collaborating with National Urban League and key local leaders to enable more people to share in business assets in their communities– not through creating new businesses, but through leveraging and preserving assets already invested in communities, specifically by promoting shared ownership of existing businesses.
The development of worker cooperative child care providers, from centers to in-home providers to nannies, should be included as part of a long-term strategy to address affordable childcare in New York City. This report, co-authored by DAWI and FPWA, spells out key recommendations that the Mayor’s office and City Council could implement to increase access to child care while increasing the quality of child care jobs.
The Workers to Owners 2017 Annual Impact Report, produced by the Democracy at Work Institute, introduces the Workers to Owners Collaborative catalyzing a wave of business conversions to employee ownership at a moment of generational opportunity. Led by a core practitioners group and convening the business, cooperative, community development, finance, and nonprofit sectors, the Collaborative advances worker cooperative conversions as a strategy for good jobs and equitable economic development.
The latest State of the Sector report by the Democracy at Work Institute and U.S. Federation of Worker Cooperatives covers research on worker-owned enterprises through 2015. Three years into surveying worker cooperatives on a national scale, we are positioned to analyze stability and change—demographically, and in terms of business performance, wages, and benefits.
On June 13 and 14 in Washington, DC, many of the nation’s leading experts in employee ownership, sustainable business and finance, community and economic development, and philanthropy came together in a Learning + Design session. Co-hosts for the meeting were Marjorie Kelly and Jessica Bonanno of The Democracy Collaborative and Camille Kerr of Democracy at Work Institute. The purpose of the session was to discuss how to achieve unprecedented scale of employee ownership by focusing on achieving an audacious goal: 50 million U.S. employee-owners by 2050. If achieved, it would make the U.S.
The recent upsurge in worker cooperatives in the taxi industry presents a contrast between big opportunities and big risks. Hundreds of new worker owners have come together in just a handful of companies over the last 10 years, which outpaces the growth of worker cooperative ownership in many other industries. The coordinated marketing among what are already legally independent, entrepreneurially minded contractors lends itself to larger entities.
The Democracy at Work Institute has released the latest publication in the Worker Cooperative Industry Research Series, focusing on Craft Beer. The report examines the opportunities, challenges, and cooperative potential in the industry, which is still growing after more than two decades of upward trends. The success of Black Star Brewery and Pub Co-Op, as well as the ESOP-owned New Belgium Brewing Company provide models for replication and education.