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How to Convert a Business Into a Worker-Owned Cooperative

Originally published on CoopDC Blog By Cat Johnson June 18, 2014 Cooperatives represent a growing segment of the economy with an estimated 30,000 enterprises and 100 million members in the U.S. alone. A great way to bring democracy into the workplace, coops can be built from scratch, but they can also be created by converting existing businesses into worker-owned cooperatives. For retiring business owners as well as entrepreneurs, selling a business to employees is a way to strengthen the business while getting a return on investment.  Melissa Hoover, executive director of the Democracy at Work Institute (DAWI), says that coop conversions are one of the most promising sources of new cooperatives as they already have customers, assets and employees, which makes it less risky than a startup. She also notes that those coops created from conversions are among the most passionate members of the U.S. Federation of Worker Cooperatives. Continue reading

How to Scale Up the Cooperative Movement

Grassroots Economic Organizing (GEO)’s first e-book, Scaling Up the Cooperative Movement, highlights the role of co-ops in building a more just, egalitarian, and sustainable economy. The books has some very exciting articles: Continue reading

Cooperative Book Endorsed by Vandana Shiva

The recent financial crisis has had a devastating impact around the globe. Thousands of businesses have closed down and millions of jobs have been cut. Many people have lost their homes. Capital and the Debt Trap explains how key economies have fallen into a ‘debt trap’, linking the financial sphere to the real economy, and goes beyond, looking into alternatives to the constant stream of financial bubbles and shocks. Overlooked by many, cooperatives across the world have been relatively resilient throughout the crisis. Through four case studies (the transformation of a French industrial SME in crisis into a cooperative, a fishery cooperative in Mexico, the Desjardins Cooperative Group in Quebec and the Mondragon Group in the Basque country of Spain), the book explores their strategies and type of control, providing an in-depth analysis within a broader debate on wealth generation and a sustainable future. Continue reading