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Obama Signs Historic Stimulus, Singles Out Employee-Owned Businesses

Not only did President Obama sign a historic (and historically large) piece of legislation into law Tuesday with the signing of the American Recovery and Reinvestment Act, he showed what kind of companies would be receiving a big slice of the pie by his choice of emcee: Blake Jones, “a leader of Namaste Solar Electric, a Boulder-based company that designs, builds, and installs solar panels for homes and businesses.”

From Entrepreneur.com (h/t Mother Jones):

Each of Namaste’s 27 co-owners receives the same compensation, has equal voice in decision-making, and is afforded the same opportunities to participate in company ownership, says Namaste president Blake Jones, who reluctantly adopted his title to give customers and the media a sense of company leadership….

Namaste staff members have the option to pay into the company to become co-owners, and the company offers low-interest, short-term loans for this purpose. To date, no one has declined the co-ownership opportunity.

“We want everyone to be owners from day one and to know what it’s like in all aspects of the business, including the burdens,” Jones says. “Since we are all masters, we decide what happens with our profits, dividends, bonuses and investments. We make the ‘big picture’ decisions each week in a three-hour meeting.”

Read the whole article here.

Image courtesy of the New York Times.


The Limits to Growth and Greece: Systemic or Financial Collapse?

Could it be that the ongoing Greek collapse is a symptom of the more general collapse that the Limits to Growth model generates for the first two decades of the 21st century? Author Ugo Bardi (Extracted: How the Quest for Mineral Wealth is Plundering the Planet) examines the correlation between what is unfolding between Greece […] Read More..

Economic Development is Broken. Here’s How to Fix It

Economic development today is completely broken. That’s the argument of author Michael Shuman in his new book, The Local Economy Solution. The singular focus on attracting global corporations is not just ineffective but counterproductive, Shuman argues, especially given the huge opportunity costs. Indeed, it’s not far-fetched to suggest that the best way most communities can […] Read More..

A Mini-Festo for Earth Day – Rebuild the Foodshed

For the past month, author Philip Ackerman-Leist has been on a Twitter MiniFesto campaign – each day sending out a new tweet designed to spark conversation and pass along some lessons he learned whilst working on his last book, Rebuilding the Foodshed. You might also know Philip as the author of his memoir Up Tunket […] Read More..

Chelsea Green to Revolutionize Industry with Edible Books

Move over Gutenberg: In advance of Earth Day 2015, environmental publishing leader Chelsea Green Publishing is announcing the introduction of an entirely new type of book – the completely biodegradable, and in certain instances edible, book. While some publishers tout the recycled content of their papers, or use of soy-based inks, Chelsea Green, which turned […] Read More..

Get More from Your Mission: The Social Profit Handbook

For-profit institutions measure their success primarily by monetary gains. But nonprofit institutions are different; they aim for social profit, or improving the well-being of people, place, and planet. The Social Profit Handbook draws from author David Grant’s decades of leadership in the education, foundation, and nonprofit worlds, and provides  leaders of social profit institutions with […] Read More..