Meet Pingree Detroit, A Maker Of Leather Goods That Isn't Shinola

Today we're taking a look at a company that's making high-end leather goods right here in the city of Detroit, putting Detroiters and veterans to work.

We're talking about Pingree Detroit, based just about a block away from the well-known Shinola. Pingree is a worker-owned company formed as an L3C — a special type of company that puts both the bottom line and the social mission of the company first.

And when there's profits, 77 cents of every dollar is shared with the workers.

Pingree founder Jarret Schlaff and our Sven Gustafson toured the facility and talked about the project, the sacrifices made to create a worker-first company, the ups and downs of business and the optimistic view Jarret has for the future.

The company was founded after meeting jobless veterans in the city.

You can find out more about Pingree and shop their shoes, bags and other stuff at their website.

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