The Wall Street Journal put together a wonderful piece about what aging bosses (and business owners) should consider as they reach retirement, and Project Equity research was referenced with employee ownership as a solution. https://lnkd.in/gSMxzyP9
Project Equity
Non-profit Organization Management
Oakland, California 3,182 followers
Project Equity is a leader in the movement to harness employee ownership as a strategy to rebuild local economies.
About us
Project Equity's mission is to build economic resiliency in low-income communities. We do this by developing scalable, employee-owned businesses, and by catalyzing diverse stakeholders to create local entrepreneurial ecosystems that increase worker ownership.
- Website
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http://www.project-equity.org
External link for Project Equity
- Industry
- Non-profit Organization Management
- Company size
- 11-50 employees
- Headquarters
- Oakland, California
- Type
- Nonprofit
- Founded
- 2014
Locations
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Primary
1201 Martin Luther King Jr Way
Oakland, California 94612, US
Employees at Project Equity
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Dallas Shelby
Experienced Nonprofit Leader, Entrepreneur, Storyteller, Advocate for Equity
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Amanda Calder, MBA / MPA
Advancing Economic Mobility | Nonprofit Innovation & Strategy
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Annie Palacios
Senior Manager, Business Engagement | Consultant
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Breanna Chan
Entrepreneur, Maker, Marketer, Wanderer
Updates
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Today is the last day to register for tomorrow's free LIVE webinar. This webinar will highlight businesses in the manufacturing industry. Los Angeles County Department of Economic Opportunity Register to join us: https://ow.ly/gwon50SxgSH
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Project Equity reposted this
Project Equity would like to express our appreciation to Matthew Kelly and the Washington State Bar Association for hosting us yesterday at a CLE learning event. Along with Brad Tuininga VP of Philanthropy at the Whatcom Community Foundation we presented the great news of the recently launched Washington State Center for Employee Ownership (WACEO). For more information visit about the center please see: https://lnkd.in/ej32B6Hn and https://lnkd.in/e_TbjsMH #employeeownership #WACEO #exitplanning #smallbusinessadvisors #Washington Megan Gordon Maximilian Chaoulideer Sarah McBroom Breanna Chan
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Have you registered for our next free LIVE webinar? On July 25, we will be discussing how employee ownership can help business owners sell their business while attracting and retaining quality employees. Register to join us: https://ow.ly/fYyu50StgxC
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Project Equity reposted this
How can we avoid a succession crisis within manufacturing? Over half of all private business owners in the US are 55 or older, according to Project Equity. In manufacturing, the gap between retiring baby boomers and potential successors is even more glaring. Many manufacturers don’t have a son or daughter interested in taking over the family business. And without a succession plan, small business manufacturers are left with few options when it’s time to retire. Many companies simply shut their doors and liquidate their assets. Remaining employees are often laid off. One way business owners can avoid this is by strategic planning and spending more time thinking 5+ years out. This way, owners will have time to identify top talent and focus on training/ up-skilling that individual as they slowly remove themselves from their operation. By delegating more, the trainee will gain experience running more aspects of the business. This is a win-win solution, as it will also free up the owner’s time so they can gradually phase out of the business. A little forward-thinking and preemptive training can go a long way in leaving your company in competent hands and maintaining your legacy. Next post - "How The Manufacturing Succession Crisis Creates Tremendous Opportunity for Younger Generations"
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Project Equity's Oyindamola “Alicia” Ijewere, Senior Client Services Manager, was a contributing author for Black Wealth Data Center where she provided insight into the challenges and opportunities for building Black wealth. https://lnkd.in/gnxFKJ96 #BlackWealth #BlackBusinessOwner #ProjectEquity #BEOI
Building Black Wealth: Challenges and Opportunities in Small Business
blackwealthdata.org
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Project Equity reposted this
I am so proud of Hilary Abell, my co-founder at Project Equity, for becoming the Chief of Division of Employee Ownership at the Department of Labor. This is a new position in a first-ever division of employee ownership at the DOL that was created by the WORK Act. I can't think of a better person to be in this leadership position within the federal government! According to the DOL: https://lnkd.in/gQwhUgCe The division will support the creation and expansion of worker-owned businesses by: - Supporting existing programs designed to promote employee ownership and facilitating the formation of new programs. - Developing a clearinghouse of techniques applied by new and existing state programs and sharing information about these techniques with states. - Providing education, outreach, and training to inform employees and employers about the possibilities and benefits of worker ownership and business ownership succession planning. - Providing technical assistance for employee’s efforts to become business owners and helping employers and employees explore the feasibility of transferring full or partial ownership to employees. So thrilled that this effort has Hilary's leadership!!!
Department of Labor launches initiative to promote worker-owned businesses, increase workplace democracy, improve bottom line for many Americans
dol.gov
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Project Equity thanks all of those that enabled and maintained our independence. #4thofJuly #IndependenceDay
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Last month Project Equity's BEOI program manager, Jennifer Bryant, attended the 3rd Annual National Conference on the Black Cooperative Agenda last month in Saint Paul, Minnesota. She put together her reflections on the conference. Take a read and let us know how you think employee ownership could help influence Black business ownership and aid in the shrinking of the wealth gap. https://lnkd.in/gkZY78HX NETWORK FOR DEVELOPING CONSCIOUS COMMUNITIES Nexus Community Partners
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Project Equity is proud to share an expansion of its employee ownership efforts in Newark, New Jersey. Visit our site to learn more about EO in NJ and some employee-owned businesses in the city: https://lnkd.in/g9SSeuNN Know of more employee-owned businesses in Newark? Tag them in the comments so we can follow and add them to the website. #employeeownership #ProjectEquity