Worker-Owned Co-ops Could Save Businesses and Jobs


by Democracy Collaborative on Jul 30, 2014 | Views: 96 | Score: 2
Family-owned Businesses that Survive to the Next Generation30
Family-owned Businesses that Don't Survive to the Next Generation70
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Democracy Collaborative
Democracy Collaborative on Jul 3, 2014 4:32 PM said:

When the Seiles decided to retire last year, they sold their businesses to employees. Only 30% of family-owned businesses, like the Seile’s, survive to the next generation. When they are closed or sold to outside investors, communities lose wealth. To keep wealth rooted in their community, the Seiles worked to convert their businesses to a worker-owned cooperative.

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