Join Nexus Community Partners and Project Equity for a free webinar July 24 at noon. Learn how to sell your business to your employees, and how employee ownership can be used to build a succession plan and a tool for employee retention and business resiliency. Register here!
Employee ownership can offer:
- Lower turnover: Workers at employee-owned businesses have 46% longer job tenure than their peers in firms that are not employee-owned.
- Higher productivity: Employee-owned enterprises reported productivity levels that were 9–19% higher than levels in traditionally structured similar businesses.
- Higher profits: Employee-owned firms have an average profit margin almost 8.5% higher than the average private firm.
- Greater resilience: In 2020, during COVID business shutdowns, employee-owned companies were less than half as likely to lay off employees and 6 times more likely to say they expected to make a full recovery.
Nexus Community Partners will also share more information about the LOCAL Fund, which offers grants and technical assistance for worker co-op startups, conversions of existing businesses, and existing co-ops in Saint Paul.
