Loren Rodgers
The Mondragon Corporation of Spain’s Basque region, an integrated network of more than 90 employee-owned companies plus many worker cooperatives, is the best-known example of worker cooperatives in the world. On December 15, the worker-owners of two of its largest member cooperatives voted to separate from the network, as reported in several articles, such as this one in El Pais.
Loren Rodgers
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Loren Rodgers
On December 2, the mayor of London, Sadiq Khan, announced the creation of the London Ownership Hub, which will launch in early 2023 with the goal of creating "the networks, resources and conditions to help worker co-operative and employee-owned businesses across London develop and thrive." London contains nearly 500 employee owned businesses, 30% of the total in the UK, and the sector proved resilient through the pandemic.
Loren Rodgers
Annual elections for our board of directors will take place in January, and members in good standing are invited to nominate themselves or other members during the nomination window, from now until December 21.
Loren Rodgers
The November 30 article Through ‘ownership trusts,’ investors can help employees become owners and owners retire on Impact Alpha's website focused on the employee ownership trust (EOT) as a new model of employee ownership in the U.S. Although EOTs are the primary form of employee ownership in the UK, they are relatively new in the U.S.
Loren Rodgers
“The NCEO CEO Network provided a ready-made network of peers from other ESOP companies. I learned more during our discussions on governance, culture, and other issues unique to ESOPs than I did from hours and hours of reading.”
Loren Rodgers
The U.S. Department of the Treasury announced the 31 states that have received credit funds totaling $10 billion under the State Small Business Credit Initiative (SSBCI). The states, in alphabetical order, are Alaska, Arizona, California, Colorado, Connecticut, Hawaii, Idaho, Indiana, Iowa, Kansas, Maine, Maryland, Massachusetts, Michigan, Minnesota, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Mexico, New York, North Carolina, Ohio, Oregon, Pennsylvania, South Carolina, South Dakota, Utah, Vermont, and West Virginia.
Loren Rodgers
The NCEO's Fall ESOP Forum was held in St. Louis last week, and we offer a huge thank-you to the people who joined us there and showed so much enthusiasm for making employee ownership thrive. It's always our fondest hope here at the NCEO that participants leave every NCEO event not simply with a new piece of information or a bunch of notes on corporate governance but instead with the ability and readiness to do something when you get home that you couldn't do before.
Loren Rodgers
Today is the first day of Employee Ownership Month 2022! Congratulations to all employee-owners and to all the people who make employee ownership happen. You are the reason employee ownership makes companies stronger, communities more durable, employees more secure, and our nation better.
