Home / Business and Economy / Oregon Shoemaker Thrives Under Employee Ownership
Oregon Shoemaker Thrives Under Employee Ownership
15 Jun
Summary
- Employees now own Softstar Shoes, boosting profits and engagement.
- Investment in employee ownership deals rose significantly in 2025.
- Employee-owned firms show higher productivity and wages.
In January of this year, Softstar Shoes in Oregon transitioned to a new ownership model. The company's 30 employees are now collectively owners, a move that has reportedly invigorated the workforce and enhanced business performance.
This shift was initiated by former sole owner and chief executive Tricia Salcido, who is planning for retirement. Salcido, who remains as chief financial officer, has observed a marked increase in employee-driven suggestions for business improvements. The trend of businesses transferring ownership to employees, rather than selling to external buyers, is gaining traction across the US.
A study indicated that up to 600 US firms are sold to their workers annually. This is supported by a substantial rise in investment funds for such deals, which grew to $865 million last year from $500 million in 2024. Research highlights that employee-owned companies often experience greater productivity, maintain higher wages, and offer more job security, making them attractive alternatives for business succession.
