Minsun Ji
RMEOC is a member of American Sustainable Business Council, and as we prepare to discuss employee ownership with Colorado legislators, we wanted to share ASBC’s recent white paper on worker ownership. Learn the facts. Ever-increasing economic inequality has convinced millions of Americans the U.S. economy is failing them. Congress can reverse this decline and rebuild the middle… Continue reading Reduce Economic Inequality with Worker Ownership
New conversionsRhode Island coffeehouse Custom House Coffee became employee owned through a direct purchase plan. Direct purchase plans do not have the same tax benefits of ESOPs, but since they are not governed by ERISA, they are easier to establish. “Mastin said that as soon as he floated the idea to his employees of buying shares, their outlook… Continue reading March 2017 Employee Ownership News
Prairie is Pleased to Announce the Sale of Grace Manufacturing to an Employee Stock Ownership Plan! OAKBROOK TERRACE, IL – February 6, 2019 – Prairie Capital Advisors, Inc. (“Prairie”), a leading middle-market investment bank, acted as financial advisor to Grace Manufacturing in the sale of the company to an employee stock ownership plan. Founded in 1966, Grace Manufacturing is… Continue reading Prairie Capital Advisors’ Recent Transaction | Grace Manufacturing
You can read the full story on the Colorado Sun Ramon Lucas Ramon’s journey began in the small village of Chichnan, in Santa Eulalia, Guatemala. For the past 20 years, Ramon has called the United States his home, but his path to this new life was far from easy. His story is one of perseverance,… Continue reading A Worker Ownership Solution for Colorado’s Failed Mushroom Farm
Recently, I spent a mid-morning near Colfax and Colorado, going door-to-door to meet local business owners and spread the word about the virtues of employee ownership. As I moved eastwards, from Steele street across Colorado and towards Monaco, I passed dozens of shops, talked to numerous owners, and learned a powerful truth: Colfax has two… Continue reading Two Faces of Colfax
Prepared by David R. Johanson, Esq., Douglas A. Rubel, Esq., Rachel J. Markun, Esq., and Robert S. Thompson, Esq. On September 17, 2021, Hawkins Parnell & Young, LLP secured a complete victory for its clients Brian J. Bowers, Dexter C. Kubota, and Bowers + Kubota Consulting, Inc. (B+KC) in an Employee Retirement Income Security Act… Continue reading Hawkins Parnell Wins Significant ERISA Trial Against U.S. Government for Bowers + Kubota Consulting, Inc. and its Founding Shareholders in ESOP Valuation and Transaction Case
My grandfather, Lambert Berger, was a businessman in Johnstown, CO. He believed that businesses should support their communities, and communities should support their businesses. His belief that “we're all in this together” helped create a thriving local economy in my hometown.Today, I work to elevate and perpetuate his legacy by helping employee-owners who are supporting… Continue reading Why I Give: Jen Briggs
Jaime Jennings and Amber Corcoran started Fancy Tiger Crafts nearly 15 years ago with the vision of an all-encompassing local craft store. After a decade and a half of running the business nonstop, Jennings and Corcoran decided they were ready to take a step back from the craft shop. Here’s how they did it. Jaime… Continue reading Fancy Tiger Crafts: Local Denver Craft Shop Becomes Worker-Owned
Colorado Gives Day provides Coloradans with the opportunity to exercise two of the “better angels of our nature,” gratitude and generosity. A recent visit to my pharmacy presented me with a vivid example of why I should donate to The Rocky Mountain Employee Ownership Center during the 2021 drive. My response will be to contribute… Continue reading “They won’t allow it” by Bill Kirton
For Erica Maldonado and Diego Pons, co-founder-owners of the San Luis Valley (SLV) Language Justice Cooperative, being bilingual wasn’t always a good thing. This sentiment changed, however, when they learned to leverage their bilingualism in a way that advanced them professionally and allowed them to fulfil a need within their community. Pons and Maldonado met… Continue reading The San Luis Valley Language Justice Cooperative: Empowering people through language
If you’re looking for an exit strategy, selling your business to your employees is one of the best options to consider.But if you’re a little confused or unsure about what that might entail, you’re in the right place to learn more.Selling your business to your employees isn’t as complicated as it seems, and sometimes it’s… Continue reading How To Sell A Business To Your Employees (Step-By-Step Guide)
Media production is a dog-eat-dog industry.At least that’s what Brandon Naughton, President & Founding Member of Truce Media, says. After 20 years of working with companies like Lionsgate / Starz, HBO, and NBC Universal, he would know.“People always want to go to LA,” he said. “But you’re starting from the bottom, making no money. That’s why… Continue reading Equity In Media Production: Meet The Cooperative Making It Happen In Colorado
Employee ownership is an effective strategy for business owners wanting to pass along a business they’ve been building for a long time to the people who have the most at stake.But even if you’re already familiar with the types of employee ownership you might be curious about whether a worker cooperative would work for you.To help you fill… Continue reading How Do Co-Ops Work? (Frequently Asked Questions)
Employee ownership is one of the best ways to preserve your company culture, make your business more resilient, promote an inclusive workplace, and give back to your employees. But just like a traditionally owned business, an employee owned company can take on many different forms. That’s why comparing the different types of employee ownership is… Continue reading Types of Employee Ownership
More and more people are recognizing that our current economic system benefits a small few at the expense of many, especially working-class communities and communities of color. What many people don’t know is that there’s a better way already taking place that represents a path forward to create a more just and sustainable economy — an economy… Continue reading An Economy That Works For Everyone: Employee Ownership & The Story of RMEOC
ESOP plans offer a myriad of benefits for companies, employees, and selling owners alike. While we’d love to help every business out there promote employee ownership through an ESOP plan, we know they aren’t perfect for everyone. That’s why comparing an ESOP with other retirement plans like a 401(k) is an important step in securing the… Continue reading ESOP vs 401k: Which Is Better For Your Business?