From the Gazette:
“A big part of that solution is participatory capitalism, allowing people to own part of the upside that they create through the value of their labor,” Polis said. “The companies I started had stock options for every employee. Another way to do that is ESOPs (employee stock ownership plan), like Save-A-Lot, which is entirely owned by the bagger and the butcher and the people that work here.” Co-ops and credit unions are additional models that fit the initiative, Polis said. The newly created commission will be tasked with building a technical support network for businesses seeking to convert to an employee ownership model, educating businesses and communities about the benefits of such a model and removing barriers to the creation of more employee-owned businesses.
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