LEAF Finances Conversion of Electric Violin Shop in Durham

82cec770-e3e8-455c-8214-e2c8582f7946The employees of the Electric Violin Shop (EVS) in Durham, NC, received a loan from LEAF and Shared Capital Cooperative to purchase the business and become worker-owners. The employees are all musicians and have over three decades of combined experience. EVS workers also received assistance with the conversion process from Thomas Beckett of Carolina Common Enterprise, an experienced coop developer and consultant.

EVS is a one-stop shop for electric bowed stringed instruments, pickup, amps, gear and accessories. While other companies carry some of these items as part of a wider range of instruments, none carry as wide a selection as EVS. Ninety percent of their business comes over the internet or from telephone orders and they serve a worldwide market. Congratulations EVS worker-owners!