At Project Equity, we re-envision community economic development to shift control locally and build economic resiliency in low-income communities. We envision a future where business decisions are made through a lens of what is good for workers and communities, leading to businesses that are more successful, communities that are more resilient, and workers who have stable jobs and economic security. Our mission is to foster economic resiliency with low-income communities by demonstrating and replicating strategies that increase worker ownership. Our clients are unique local businesses (most with 25-50 employees, but increasingly larger companies as well) that are assessing or implementing transitions to broad-based employee ownership (e.g. worker cooperatives, democratic ESOPs or other forms of employee or stakeholder ownership).
Project Equity's current programs are:
● BUSINESS OUTREACH AND EDUCATION: we raise awareness and educate business owners and community leaders through professional marketing and PR strategies and by partnering with municipal economic development staff, small businesses networks, and professional service providers such as CPAs, M&A advisors, and exit planners.
● BUSINESS TRANSITION PROGRAM: we help businesses convert to employee ownership through our Business Transition Program in three distinct phases: feasibility assessment; employee ownership design, preparation and transaction; and “Thrive,” our post-conversion support for new employee-owners, which emphasizes board and leadership development, and individual asset building. Our custom service package includes hands on training as well as technical assistance.
● REGIONALEXPANSION: we are creating repeatable processes for our Business Outreach and Business Transition programs and adapting them with regional partners around the country, with strategic partnerships in the Twin Cities and Western North Carolina, outreach partnerships in three other cities, and other regional expansion efforts in the works.