While they are not certified, based on Department of Labor 5500 fillings and other third-party data sources, we believe their ESOP meets our standards of significant and broad-based employee ownership. Worcester Bookkeeping Cooperative is a professional service provider specializing in financial management for businesses in Worcester, MA. The cooperative offers a range of bookkeeping services to help clients maintain accurate records and make informed financial decisions. Some 85% of employee-owned businesses are founded by people of color, according to Papali, who added that fully 61% are women-owned. He believes that supporting worker-owned businesses can be a factor in racial and economic justice strategies.
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The cooperative prides itself on delivering reliable and efficient bookkeeping solutions tailored to each client’s unique needs. “Once I discovered it (worker-owned cooperative business model) was out there, it’s hard to go back, I didn’t want to go back, to the traditional way of organizing a business,” O’Brien said. “The solidarity felt amongst unions translates to solidarity felt among worker coops,” O’Brien said of his decision to use the bookkeeping cooperative to do their books.
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Conventional lenders are reluctant to fund them, and technical assistance providers have traditionally left out worker coops. “It’s nice to know I am part of positive change in the world,” said O’Brien, the company’s founder, general manager and one of its owner-workers. The printing enterprise is a worker-owned union cooperative, and the company’s products can be seen all around Worcester – on the backs of teachers at City Hall rallies, at the recent Earth Day cleanup and at the United Way Day of Caring. With a team of experienced professionals, Worcester Bookkeeping Cooperative assists clients in organizing their finances and maximizing their business potential.
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- This post is part of a series written and researched by Alice Dillon, ArtsWorcester Program Staff.
- The Worcester Bookkeeping Cooperative provides bookkeeping services to nonprofits, including ArtsWorcester, and small businesses.
- The Hanover also houses one of ArtsWorcester’s satellite exhibition spaces, the Franklin Square Salon Gallery.
- The cooperative offers a range of bookkeeping services to help clients maintain accurate records and make informed financial decisions.
- This proliferation of new development and cultural organizations downtown will soon allow visitors to see a show at the Hanover, grab dinner and drinks at one of many restaurants, and take in an ArtsWorcester exhibition all in one day.
- The cooperative prides itself on delivering reliable and efficient bookkeeping solutions tailored to each client’s unique needs.
The federal agency also has structural barriers that inhibit loans and grants to cooperative enterprises. This post is part of a series written and researched by Alice Dillon, ArtsWorcester Program Staff. And this year, legislators like Sen. Adam Gomez, D-Springfield, are seeking to create a funding pool of $1.7 million in the office for grants and loans for ventures to draw down on.
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In addition to Davis Publications, the Printers Building now houses multiple other creative businesses. On the sixth floor, maker space Technocopia offers memberships that include shared creative spaces as well as access to a long list of tools. The Worcester Cleantech Incubator (WCTI) facilitates the startup of local businesses.
Like the building itself, the neighborhood around the Printers Building is undergoing a dramatic transformation. The nearby Hanover Theatre hosts world-class performances and touring companies, and recently opened their Conservatory for Performing Arts. The Hanover also houses one of ArtsWorcester’s satellite exhibition spaces, the Franklin Square Salon Gallery. Immediately adjacent to the Printers Building are apartment buildings and eateries that make up part of the Grid worcester bookkeeping cooperative District, a community redevelopment project bringing housing and entertainment options to the area. Down Portland Street is the Worcester Common, which regularly holds outdoor markets, performances, and other family-friendly events. This proliferation of new development and cultural organizations downtown will soon allow visitors to see a show at the Hanover, grab dinner and drinks at one of many restaurants, and take in an ArtsWorcester exhibition all in one day.
The Worcester Bookkeeping Cooperative provides bookkeeping services to nonprofits, including ArtsWorcester, and small businesses. Davis Publications operates the Davis Art Gallery, another space for local artists to exhibit their work. The tenants of the Printers Building exhibit a commitment to creativity, industry, and education.
While they are not certified, we believe they meet our standards of significant and broad-based employee ownership. “It makes good business sense to share in the bottom line,” Litynski said, adding it is more motivating. Salaries are paid to all employees, and at the end of every month, each worker receives a portion of the net profits. Ownership can be purchased over a period of time through a salary deduction or through an outright investment in the company. “It’s a structure of business ownership that is not familiar to the federal government,” Papali said.