😋 The Food Edition: A Trust-Owned Deli in Michigan, Employee-Owned Restaurants in New York, and More
The EO+WD Weekend Newsletter, Volume 3
Welcome!
Wishing a meaningful Good Friday, Chag Sameach, and mid-Ramadan greetings to our readers who celebrate.
What We’ve Been Reading
But first: What are you reading? Send links!
Did you know the U.S. omnibus bill signed at the beginning of the year included $50 million for building and expanding employee ownership centers? Read more about the grants here.
Ontario hosted an Assembly on Workplace Democracy. Read their recommendations here. That’s not the only news from Canada, which recently incorporated employee ownership into their Budget—more on that next week.
CentrexIT, an IT company, is transitioning to employee ownership by giving employees company shares in the hopes of “creating a sense of shared purpose and responsibility.”
What We’ve Been Writing
But first: What would you like us to write about? Send questions!
EO+WD and our partners have spent the last year compiling a database of all the perpetual trusts in North America; check out the first of its kind database here and read more about the conversion of Zingerman’s deli, an Ann Arbor local favorite, into a perpetual purpose trust.
In response to a recent article about restaurants in NYC transition into employee ownership (thanks for sending, Ben!), Megan discusses employee ownership as potential exit strategy for family business owners.
What are purpose trusts, exactly? In response to a question from a reader, Dr. Hand offers insight and resources to learn more.
What’s Next
The National Center for Employee Ownership is hosting a conference in Kansas City from April 25th-27th. Check it out and consider registering here
The Texas/Oklahoma chapter of The ESOP Association is hosting their Spring Conference and roundtable this weekend.
In Case you Missed It
Last week SMU hosted a panel on employee ownership policy and management. Check out the recording!
The Employee Ownership + Workplace Democracy Research Cluster (EO+WD) is sponsored by the Dedman College Interdisciplinary Institute (DCII) at Southern Methodist University (SMU) in Dallas, Texas (DTX?).