How employee-owned businesses are being operated in Ohio

Employee Ownership Models There are over 6500 businesses that in some form participate in an employee-owned model, according to a study from Rutgers University. These businesses vary from an ESOP, or employee stock ownership plan, which is the most common form or profit-sharing, to a worker-owned cooperative, where workers can vote on things like a board of directors. Thursday on the "Sound of Ideas," we'll take a deeper look at the employee ownership model, and find out why some aging business owners are embracing that model. We'll hear from one Northeast Ohio business that recently transitioned to an employee trust model with the help of the Ohio Employee Ownership Center at Kent State University. Guests:- Michael Palmieri, Associate Director, Ohio Employee Ownership Center, Kent State University- Jonathan Welle, Lead Organizer & Founding Board Member, Cleveland Owns- Mike Miller, Founder and Managing Partner, Music Box Supper Club- Hannah Scott, Program Director, The Ohio State University - College of Food, Agricultural, and Environmental Sciences, Center for Cooperatives "The Menu: Employee Ownership and Food" Later in the program, we'll stay with the employee ownership discussion, and look at one local coffee roaster, Phoenix, who is a employee-owned cooperative. They have five cafes, and a roastery, across Northeast Ohio. We'll hear from the General Manager about why he says that model serves the business. Guests:- Toby Reif, General Manager, Phoenix Coffee - Michael Palmieri, Associate Director, Ohio Employee Ownership Center, Kent State University - Jonathan Welle, Lead Organizer & Founding Board Member, Cleveland Owns