Small business in DTLA shares its proven solution to empower employees, grow successful business ...Middle East

DOWNTOWN LOS ANGELES (KABC) — Giroux Glass is what you would call a legacy business. It’s a small business specializing in glass and glazing. It’s kept its doors open in downtown L.A. for more than 77 years. While most small businesses struggle to survive, Giroux Glass says it made it this long – in part – because it is owned 100% by the employees through what’s called an employee stock ownership model. “We could have easily become one of the statistics of small businesses that go out of business,” said Nataline Lomedico, CEO and president of Giroux Glass. “This model has proven transformative effects. Employee ownership builds wealth for frontline workers and provides an option for owners

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