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A $500,000 pilot from the Michigan Department of Labor and Economic Opportunity (LEO), run with the Michigan Center for Employee Ownership, that grants businesses money toward the feasibility assessments, valuations, and legal costs of converting to employee ownership; it set aside $400,000 for direct business grants.
Launched in 2025 with $500,000, of which $400,000 was set aside for direct business grants. Ten grants awarded and seven businesses formally committed to transitions, together...
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