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What is Washington state doing to grow Employee Ownership?

Published on 2025-02-17 | Last edited on 2025-02-17
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Short Answer

Washington passed law (2023) with tax credits for employee ownership (ESOPs & worker cooperatives). They allocated $2 million and hired a dedicated staff member. They're exploring federal loan programs due to state restrictions. Washington has 93 ESOPs (growing) with successful examples like Schwitzer Engineering (6,500 employee-owners).

#EO in Washington

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