Home » Resource Hub

Employee Ownership: A Triple Win Solution

We all have a stake in cultivating and preserving a vibrant small business community. Thriving small businesses promote job stability for local residents and anchor neighborhoods that help driving local economies. Broadening ownership can prevent one of the greatest wealth transfers in history from resulting in a loss of jobs, goods and services in all communities, especially those that have historically lacked access to business assets, such as low-and-moderate income communities and communities of color. Employee ownership can be a critical solution to avoid this outcome—helping to build assets by increasing median household net worth, which is 92% higher for employee-owners than non-employee-owners.

The Democracy at Work Institute and National Urban League are collaborating with Citi Community Development on the Legacy Business Initiative, a nationwide effort to retain minority-owned legacy businesses by helping them convert to employee ownership.

Resource Details

Organization: Democracy at Work Initiative
Date: 12/15/2022
Resource Type: Publication
Topic: Economic Justice

Related resources (by topic)

Bantu Safe Haven

$250 rapid response grants as unpoliced funds. Safety kits for Black Trans people, and community building activities and groups.

Black Resilience Fund

Black Resilience Fund is a program of nonprofit Brown Hope and is dedicated to fostering healing and resilience by providing direct financial assistance to Black Portlanders.

Building a Platform for Economic Democracy: A Cooperative Development Strategy for the Bronx

Cooperative development efforts over the last 25 years have been largely inspired by, and modeled on, the Mondragon experience in the Basque region of Spain. None of these efforts has achieved nearly the success of Mondragon, which stabilized and dramatically…

Building Collective Futures: Economic Systems that Work for All

Tune into this webinar for a conversation on the power and possibilities of solidarity economies, featuring a moderated discussion between Jorge Santiago and Nwamaka Agbo about the history, principles, and practices of political and economic solidarity. We invite you to…

Help us expand the Resource Hub

Share resources that you think would be a good addition to this tool and our team will review them for inclusion in future updates.