Over the next decade, 4 million U.S. businesses owned by retiring baby boomers will change hands or dissolve. Additionally, more than half of the local, small businesses do not have a succession plan which can jeopardize their future existence. Employee ownership (EO) can be a successful business model for businesses and nonprofits where employees can own a percentage of where they work. EO models can provide asset building as well as improve employee recruitment and retention. This program, featuring Dr. Mark C. Hand, a nationally renowned professor and employee ownership expert, will focus on the EO movement to center workplace democracy and strengthen communities by addressing the income and wealth gaps. The discussion will also include potential risks, opportunities to influence public policy, and ways philanthropy can invest capital towards EO ventures and ways that you can make your organizations–workplaces, families, churches–more democratic.
Mark Hand, Assistant Professor, Political Science Department, University of Texas at Arlington