For Retiring Business Owners of Color, an Exit Strategy That Saves Jobs and Builds Wealth | Rutgers School of Management and Labor Relations
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If you work there for at least 15 months and earn top marks on your most recent performance review, you can become a part-owner of Taharka Brothers, and have not just a say but also a final vote on major business decisions and policies like those performance reviews. It’s one of the most important parts about being a worker-owned cooperative.
Out of 25 current employees at Taharka Brothers, six recently became the first worker-owners of the co-op, and another five are close to joining them.
“How it works is very important to me,” says Detric McCoy, one of those first six. “I love bringing ideas to the team. Some guys don’t always like every idea but having that debate and coming together to make decisions, compared to a typical business where everyone’s in a position and there’s no voting or anything there’s still structure to it, you have your board members, but everyone has the chance to at least spread their voice compared to traditional work spaces.”
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