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Tag: Hite Electric Coffee

SMOOTH TRANSITION: Chloe Chassaing, an employee owner of White Electric Coffee in Providence, which shifted to an employee ownership model in 2021, says the Rhode Island Center for Employee Ownership that is part of legislation being advanced by lawmakers could help smooth out the uncertainty when transitioning a business to an employee ownership model by connecting sellers and employees to financing pathways, valuation expertise and technical support early in the process.
PBN PHOTO/MICHAEL SALERNO

Legislation would create employee ownership center to ease business transitions

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When White Electric Coffee in Providence changed hands in 2021, it didn’t go to a corporate buyer or a retiring owner’s handpicked successor. It...
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