Nexus’ Worker Ownership Initiative and partnership with the St. Paul Area Chamber of Commerce was recently featured in Finance & Commerce:
“Cooperative ownership is a solution both to the challenges facing small businesses and to larger problems in the economy…Elena Gaarder, Director of Community Wealth at Nexus, says, ‘For us, this presents this really once-in-a-lifetime opportunity to move where the bulk of the wealth is held in our country and create so many more opportunities for ownership’”
Sixty percent of small business owners were born before 1964, according to the University of Minnesota. Nexus and the Saint Paul Chamber of Commerce are working together to address the ongoing wave of baby boomer retirements, keep businesses local, and build cooperative ownership. Read the full article here!