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Employee-owned businesses thriving in Vermont - WCAX.COM Local Vermont News, Weather and Sports-

Employee-owned businesses thriving in Vermont

Burlington, Vermont - March 3, 2011

There are about 40 employee-owned businesses in Vermont and about 10,000 nationwide. Supporters of the concept say they are better places to work that pay their people more money.

Jon Crystal of the Vermont Employee Ownership Center and Cindy Turcot of Gardener's Supply Company, which is an employee-owned business, appeared on The :30 to discuss the subject.

Crystal explained that the most common employee-owned businesses consist of either a worker cooperative, which typically is smaller companies, or an employee stock ownership plan, which is by far the most common type of employee ownership in Vermont and nationally.

Turcot said Gardener's Supply started as shared-ownership and is now 100 percent employee-owned.

For more, watch the video on The :30.

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