The Democracy at Work Institute, EOX Urge Support for Employee Ownership in Treasury Program
The State Small Business Credit Initiative program could catalyze significant business retention and broaden business ownership at the same time. In early June, the Democracy at Work Institute (DAWI) and the Employee Ownership Expansion Network (EOX) both sent letters to the Department of the Treasury in response to the Treasury’s notice and request for information concerning the State Small Business Credit Initiative (SSBCI), to encourage implementation of support for state employee ownership centers and more broadly for employee ownership transitions. These transitions are when business owners sell part or all of their company to their employees. The most common forms…
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