
How employee-owned businesses are being operated in Ohio
Employee Ownership Models
There are over 6500 businesses that in some form participate in an employee-owned model, according to a study from Rutgers University. These businesses vary from an ESOP, or employee stock ownership plan, which is the most common form or profit-sharing, to a worker-owned cooperative, where workers can vote on things like a board of directors.
Thursday on the "Sound of Ideas," we'll take a deeper look at the employee ownership model, and find out why some aging business owners are embracing that model.
We'll hear from one Northeast Ohio business that recently…
The skinny
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