The Nexus Worker-Ownership Initiative is proud to announce the completion of its first cooperative conversion! Starting in 2020, Happy Earth Cleaning Cooperative is now in business.
Nexus, in partnership with Project Equity, helped provide technical assistance for Happy Earth Cleaning LLC to become an employee-owned co-op. Over a period of 10 months the previous business owners and employees were guided through a proven conversion process that included feasibility studies, structuring the deal, and training employees to become owners of their own business.
MPR rounds out the story with their article, “Supporters see worker co-ops as way to spread the wealth. How one housecleaning business joined the workers’ cooperative movement”. An excerpt of the story is below. You can listen to the audio and read the full article here.
“With the support of the cleaning company’s founders, employees in January officially transitioned the company into the Happy Earth Cleaning Co-op — a cooperative owned and run by workers. Employees at worker cooperatives get a say in how their business is run and a cut of the profits. As wealth disparities continue to increase in the country, some are hoping co-ops can make the economy more equitable and democratic.”
Thanks also go out to The City of Minneapolis Co-op Technical Assistance Program (C-TAP), Neighborhood Development Center (NDC), The Metropolitan Consortium of Community Developers (MCCD). Project Equity, and Erin Heelan Consulting.