ESOPs

There is widespread agreement on the need for a bold economic development strategy aimed at realigning the interests of business with those of local communities. Less clear is what precisely needs to be done. We argue that an effective way to achieve this goal is by decommodifying business ownership through the democratisation of private companies.

Transform Finance Executive Director Curt Lyon talks with Jim, Matt, and Josh about their work educating investors about ways to support businesses with a focus on worker empowerment.

The Small Business Administration’s rules prevent it from helping most employee- and consumer-owned cooperatives, even though Congress specifically asked it to.

Matt Cropp, Co-Executive Director of the Vermont Employee Ownership Center, talks with Steve Herrick about the history of the EOCs and the work that VEOC does with worker co-ops and ESOPs.