Gov. Jared Polis signed an executive order Wednesday to establish a new commission focused on expanding employee-owned businesses in the state.
“We know that wages simply haven’t kept up with economic growth,” Polis said. “A big part of that solution is participatory capitalism, allowing people to own part of the upside they create through the value of their labor.”
The Commission on Employee Ownership, which will be housed in the Colorado Office of Economic Development and International Trade, aims to provide technical support and education for businesses looking to convert to employee-ownership. The commission will also identify and remove barriers that hamstring employee-owned business creation.
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