Business Update: Room & Board transitions to employee ownership, while Impact100 announces grants

Room & Board, a Golden Valley-based furniture retailer, recently became employee-owned. This initiative allows each of the company’s 1,100 workers to take a piece of ownership under a plan that was approved earlier this month. This move represents a significant step towards empowering the employees and creating a sense of ownership within the company.

Impact100 Twin Cities, a new women’s grant-making group, recently distributed its first grant round. The group earmarked $100,000 to help the Phyllis Wheatley Community Center scale its Women’s Wealth and Equity Building Initiative. This grant will assist the center in expanding its programs and services to support women in building wealth and achieving equity.

Twin Cities arts organizations are engaging in innovative strategies to lure audiences back to live performances. Amidst the challenges posed by the COVID-19 pandemic, these organizations are finding new and creative ways to attract people to their concert halls and theaters. By adapting to the changing landscape of live entertainment, they are working to revitalize the arts scene in the Twin Cities.

Despite the ongoing child care crisis, a recent survey conducted by the Minneapolis Fed revealed that some providers are still feeling optimistic. The childcare industry has faced numerous challenges in recent years, including workforce shortages and financial constraints. However, there is hope on the horizon as some providers are finding ways to navigate these obstacles and remain positive about the future of child care in the Twin Cities.

Community members are mourning the sudden death of Sammy McDowell, the owner of Sammy’s Avenue Eatery in North Minneapolis. McDowell was recognized by TCB in 2021 for his achievements as a small business owner. His passing has left a void in the community, as he was known for his dedication to providing delicious food and a welcoming environment for his customers. McDowell’s legacy will live on through his restaurant and the impact he made on the local community.