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From big employee-owned businesses, like Publix and King Arthur Flour, to community-based start-ups, they outperform traditional businesses in job creation, profits, and benefits for workers and communities.
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From Loveland, CO to Walker, MI, the number of employee-owned businesses (where employees own part or all of the company where they work) is growing—and creating new jobs and economic security in the process. A policy thread (your state can do this).
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Your state can join half a dozen others to build a strong network supporting employee-owned businesses with the Grow Jobs through Employee Ownership Act. https://www.americasgoals.org/1c/employee-owned …pic.twitter.com/tfiZPxzJBh
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Studies have demonstrated the long-term success of employee-ownership in creating and retaining jobs, providing workers with increased wages and benefits, and avoiding layoffs—even during economic downturns.
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That’s why many entrepreneurs are planning for the future by making their companies employee-owned. And states like Ohio find that supporting those entrepreneurs has a big impact—like retaining over 15,000 high-wage jobs for a $772 in state investment per job.
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Supporting employee-owned businesses is a low-cost and impactful policy. States can lead the way on this innovative legislation to create good jobs. (Only CA, CO, IA, OH and VT have passed this bill so far — find out where your state stands.) https://www.americasgoals.org/1c/employee-owned …pic.twitter.com/dYxo0wOI62
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