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Historic Federal Law Gives Employee-Owned Businesses Access to SBA Loans

Steve Dubb, NonProfit Quarterly

Aug 23, 2018
5 min

Historic Federal Law Gives Employee-Owned Businesses Access to SBA Loans

As we noted in NPQ last fall, nearly half of US small business owners are baby boomers, aged 53 to 71. Collectively, they own 2.34 million businesses, employ 24.7 million people, and have combined sales of $5.14 trillion. It is estimated that 80 percent of these businesses lack a plan for what they are going to do when their owners retire or, if misfortune falls, die unexpectedly. In short, people’s livelihoods across the nation are at stake, as hundreds of thousands of compa

We must hold capitalism accountable. Elizabeth Warren shows how

Ganesh Sitaraman, The Guardian

Aug 23, 2018
4 min

We must hold capitalism accountable. Elizabeth Warren shows how

Earlier this week, Senator Elizabeth Warren introduced a new piece of legislation – the Accountable Capitalism Act – which requires the largest companies in America to get a federal charter that is conditioned on their recognizing their obligations to society. The idea is as simple as the lesson from Spiderman: with great power comes great responsibility. The biggest corporations are extraordinarily powerful, but they often exercise that power in a way that can deepen economi

Why the U.S. Needs More Worker-
Owned Companies

Peter Walsh, Michael Peck

Aug 10, 2018
5 min

Why the U.S. Needs More Worker- Owned Companies

The gap in wealth in the United States between the ultrawealthy and everyone else has reached its widest point in decades. One way to narrow the divide is through the use of worker buyouts, in which ownership of a company transfers from a single person or a small number of people to the workers of the company. Currently, about 10% of Americans hold equity stakes in their workplaces. By providing more workers and employees with opportunities to buy shares, companies can help w

Breaking News: Amalgamated Bank Goes Public & Makes an Impact

Thomas Croft, Heartland Capital Strategies

Aug 10, 2018
2 min

Breaking News: Amalgamated Bank Goes Public & Makes an Impact

Our Heartland Network congratulates our newest member, Amalgamated Bank, which announced yesterday that it successfully launched a public offering ("IPO") at $15.50 per share. This is an important milestone for the bank and the culmination of a great deal of hard work by the entire company. Amalgamated is the country's longest running labor-sponsored bank, and, as we demonstrated in our Responsible Investor Handbook, an unwavering leader in responsible banking, good corporat

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