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B.C. Firm Owned by Its 750 Employees Now Canada's Largest Such Operation
Taproot's 750 employees now own the company through an Employee Ownership Trust, fostering shared dividends and securing long-term stability in social services.
- Taproot Community Support Services revealed recently that an Employee Ownership Trust has taken a majority stake, making it the largest company in Canada to be owned through this model.
- Canada introduced Employee Ownership Trusts in 2024 to create a succession pathway enabling employee ownership and ensuring organizational futures.
- Taproot, founded in Maple Ridge with 750 employees across B.C., Alberta, and Ontario, supports nearly 2,000 clients annually through about 70 sites.
- CEO Mike Fotheringham emphasized no financial risk for employees, who will receive dividends around $1,000 to $1,500 yearly in addition to wages.
- The transition secures Taproot’s future as a locally grounded, Canadian-owned organization and empowers employees as equal partners in the company’s success.
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Leaning Left11Leaning Right0Center0Last UpdatedBias Distribution100% Left
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