Fifty by Fifty – SBDC Working Group Pilots Employee Ownership Training

From Fifty by Fifty:

The Main Street Employee Ownership Act, passed in August 2018, relies heavily on the nation’s network of Small Business Development Centers (SBDCs) to educate and support business owners in transitioning their companies to employee ownership. But for the most part, SBDC business advisors aren’t familiar with employee ownership. To begin to fill that gap, The Democracy Collaborative has for the past year run an SBDC-Employee Ownership working group. The working group includes universities that are members of the Anchor Learning Network, a joint initiative with the Coalition of Urban and Metropolitan Universities. The working group has worked to build the capacity of university-based SBDCs to incorporate shared-equity business models into their business advising practice.

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