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Suggest questionEmployee ownership can be a driving force in building generational wealth, replacing longstanding racial inequity with tangible, material growth. Employee ownership preserves Black wealth by supporting Black-owned businesses, providing a sale that keeps the businesses open and enables Black employees to become owners.
Jennifer Bryant leads the Black Employee Ownership Initiative (BEOI) for Project Equity. This initiative integrates across our programs to ensure that all of our services reach Black workers and Black business owners. These efforts include work to expand the available data about Black entrepreneurship and workforce density. We are forming critical partnerships with organizations that have deep roots in localities and communities with significant Black workforces. We are also developing strategies to advance Black EO and to add employee ownership to the Black wealth building agenda.
To learn more visit our BEOI page:
Transcript from YouTube captions. May contain errors.
[Music] right now there's a growing awareness that we have an economy that isn't working for the majority of people employee ownership helps us sew the seeds of a new economy the deal is for me starting this business I was in my early 20s and working food jobs and I'm uh just thinking we don't need these bosses we don't need these managers you know so we kind of made our own food business and uh we've been trying to run things ourselves is our 10th year doing it the kind of work that we do draws people who are really interested in invested and giving back to the community and making a difference um and sometimes that can feel at odds with earning money um which is what a company has to do um and so this idea of it becoming an employee owned trust and giving the staff um a stake in the business portion of it not just the work um was really was really interesting to me our work can benefit not only our communities but also ourselves there's you know there's nothing wrong with that owning a company with a bunch of people that I like is great I feel like this is one of the best things that's happened to me and one of the best opportunities that I've had to to grow and a company I mean basically here at California solar sky is the limit you can kind of do what you put your mind to what worker ownership means to me is the opportunity to have a direct investment in the place that you work when you're more informed and invested in your work you're kind of kind of going to turn in better work because you care about it a lot more you can essentially look at every time the company does well you will feel like I did that you know like I helped make that happen and uh you're not going to really get that anywhere else employee ownership is good not just for business owners but also for the workers a lot of times people are looking for a way to have a sense of ownership over their work and also a sense of ownership in the community that they live in employee ownership helps to meet both of those needs [Music]
About Project Equity
Project Equity is a national leader in the movement to harness the power of employee ownership to provide business owners with an accessible succession plan, preserve legacy businesses, strengthen local economies, and increase wealth among workers.
Project Equity works with partners around the country to raise awareness about employee ownership as an exit strategy and provides hands-on consulting and capital in addition to offering accredited continuing education for business advisors.
Use the links below to learn more.
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