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Can Employee Ownership Preserve Durham’s Legacy of Black Businesses?

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From Next  City:  Durham, N.C., was once known nationally for its “Black Wall Street,” a cluster of flourishing black-owned financial institutions and businesses that sprang up around Parrish Street during the Jim Crow era, including some iconic insurance and finance firms such as Mechanics and Farmers Bank and North Carolina Mutual Life Insurance Company. With […]

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Durham Commits to Shared Equity in Economic Development with Local Business Retention via Employee Ownership

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From the City of Durham:  DURHAM, N.C. – Thanks to the City of Durham’s inclusion in a recent fellowship, long-standing Durham minority business owners can soon expect outreach for help with succession planning and employeeownership options. Durham is one of four cities recently selected to participate in the Shared Equity in Economic Development (SEED) Fellowship, […]

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Employee-Owned Businesses a Tool for Equitable Growth

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From the National League of Cities:  Income and wealth inequality, exploitative working conditions and displacement are critical issues faced by communities across the country. These challenges require strategies that create both stable employment and access to opportunities for building assets. Local governments have traditionally invested in the dual pathways of entrepreneurship and workforce development to […]

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Employee Ownership could be Asheville’s Key to Prosperity

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From the Asheville Citizen Times (pdf): In Western North Carolina the 12,000 retiring small business owners (nearly half of the total according to our latest study) do have options. For example, they could sell their businesses to outside corporations looking to acquire more diverse assets for their portfolios. This often means layoffs, relocation, changes in […]