U.S. Department of Labor Employee Ownership Initiative, a program

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About this program

A federal initiative run by the Employee Benefits Security Administration (EBSA), through a new Division of Employee Ownership, to encourage state programs that promote employee ownership via outreach and education, technical assistance, and training. Congress charged the Department with distributing $50 million in grants to states.

Worker Ownership, Readiness, and Knowledge (WORK) provisions, Section 346 of the SECURE 2.0 Act of 2022

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Key facts

Status note: The initiative is active; the $50 million state-grant program is not yet fully appropriated. Congress appropriated $2 million for fiscal year 2026, with a grant opportunity expected to open in fall 2026.

What they finance

Offerings: Technical assistance, Grant
Ownership models: ESOP, Worker cooperative, Employee ownership trust
Employee-ownership focus: Exclusive

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U.S. Department of Labor Employee Ownership Initiative

About this program

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Key facts

What they finance

People

Companies financed

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Curators(1)