worker cooperatives | Center on Business and Poverty

New California law promotes worker-owned businesses

New California law promotes worker-owned businesses

Among the new laws taking effect in California this year is the California Employee Ownership Act, which encourages small-business owners to give their employees a stake in the company. Passed with unanimous support, the law sets up an employee ownership hub in the governor’s office to support companies that want to pursue this business

COBAP Author2023-01-07T05:10:05-06:00Tags: California Employee Ownership Act, Employee Ownership, Employee Stock Ownership Plans, worker cooperatives, worker-owned businesses|

Is employee ownership about to have a moment?

The move to advance employee ownership is gaining momentum. As employee-owned businesses have grown steadily over the last decade, demographic trends and a surge of interest in a more equitable economy have helped put these business structures on the national agenda.

One key factor is a phenomenon known as the ‘silver tsunami.’ An unprecedented number of

John Hoffmire2019-06-08T09:43:29-05:00Tags: Employee Ownership, Employee Stock Ownership Plan, ESOPs, worker cooperatives|