Transitioning your small business to employee ownership can have positive impacts on employee engagement, productivity, and retention; anchor a lasting legacy for your efforts building the business; and offer a financially rewarding exit path that can be supported by experienced professional assistance.
Community and Economic Development
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.
Together with Citi Community Development, Democracy at Work Institute (DAWI) is collaborating with National Urban League and key local leaders to enable more people to share in business assets in their communities– not through creating new businesses, but through leveraging and preserving assets already invested in communities, specifically by promoting shared ownership of existing businesses.
The development of worker cooperative child care providers, from centers to in-home providers to nannies, should be included as part of a long-term strategy to address affordable childcare in New York City. This report, co-authored by DAWI and FPWA, spells out key recommendations that the Mayor’s office and City Council could implement to increase access to child care while increasing the quality of child care jobs.
In the last few years, persistent, high unemployment has taken over as the headline of the Great Recession, driving an urgent need to create more jobs and get Americans back to work. But when the financial crisis first hit, it prompted a wave of anger and criticism against the corporations and financial institutions that own and direct capital across the globe, and its aftermath has continued to expose longstanding fissures in the U.S. on virtually every measure of economic well-being.
The Economic Democracy Training Series is a joint project between the Bronx Cooperative Development Initiative and the MIT Community Innovators Lab. This 10-session, 20-hour series of workshops will introduce community members, residents, youth, and community leaders to major concepts in economic development, political economy, and, most importantly, economic democracy.