We provide technical assistance to business owners and employees for conversion of businesses to employee owned models including co-ops, ESOPs, and other profit/gain sharing models. We guide businesses through a process of exploring options, assessing feasibility, developing cooperative structures including participatory management and democratic governance, and connecting to the appropriate professionals (legal, financial) to complete transactions/sales of businesses to employees. Our work increases democratic workplaces that build wealth for employees.
RMEOC is expanding awareness of employee-ownership by providing education for business owners, employees, and business advisors. We have seen an increased interest in the creation of and/or conversions to worker-owned cooperatives and Employee Stock Ownership Plans (ESOPs) as additional legal and accounting professionals begin recommending employee ownership to their clients.
We also implement a webinar series that allows individuals throughout the state of Colorado to participate in our education series and determine if employee ownership is right for their business. These are attended by both business owners and employees that want to explore how their business could become employee owned.
RMEOC tracks attendance at workshops in order to evaluate marketing efforts. Attendees are surveyed to learn the reasons they chose to attend an event, the value of the information received, their inclination to recommend RMEOC to a colleague, their level of interest in transitioning to or starting an employee-owned enterprise, and their interest in recommending employee ownership to clients. We track our success by the number of individuals who attend these events, the number of one-on-one meetings we have after these events, and ultimately the number of business conversions that occur as a result of this process. To date we have provided education to more than 300 businesses in Colorado.
RMEOC has been recognized by the National Center for Employee Ownership, Democracy at Work Institute, the Democracy Collaborative, for making valuable contributions to the movement and works in partnership with these organizations to advance the movement nationally.