Toby at tipp(l)ing point

Beer and co-ops, two of my passions, meet once more. Concerned to safeguard their independence, craft breweries in Colorado and Oregon are converting to employee ownership, as this article from the Denver Post tells. It is reposted from an excellent article in Truthout noticed by John Atherton of Co-ops UK).

The ‘New Belgium’ brewery – what a good name – is doing this through an Employee Stock Ownership Plan (ESOP), a tax-efficient model for transferring shares to workers which is now used by 10,000 US companies employing 10.3 million worker-owners. It puts John Lewis into perspective.

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