Annual reports

2023 Annual report

Embedding employee ownership for community wealth building

In 2023, we collaborated with partners across the nation to advance employee ownership as a strategy for community wealth building and economic development. From Los Angeles to St. Paul, Chicago to Atlanta, we’ve built partnerships with local governments, workforce development boards, other nonprofits and many others to expand the benefits of employee ownership to Black, Latine and low-income workers.

We innovated new pathways to educate stakeholders and successfully advocated for policy changes. We launched research partnerships that are providing critical insights into the intersection of employee ownership and racial equity. We found new ways to incorporate language justice into our workshops to ensure that all workers have a voice and a seat at the table.

All of the accomplishments outlined in this report are the direct result of the partners and supporters who have championed our work over the past decade. As we mark our 10 Year Anniversary, we invite you to join them.

In 2023, we collaborated with partners across the nation to advance employee ownership as a strategy for community wealth building and economic development. From Los Angeles to St. Paul, Chicago to Atlanta, we’ve built partnerships with local governments, workforce development boards, other nonprofits and many others...

2022 Annual Report

Creating strong partnerships: Growing employee ownership

In 2022, we dreamed big—passing legislation, co-leading the first national employee ownership awareness campaign, teaming with Morehouse College to publish groundbreaking research on Black wealth building, and hosting our inaugural Employee Ownership Equity Summit. At the same time, we never lost sight of the power that employee ownership has to change lives, one worker at a time.

We’re excited to share national highlights from our 2022 fiscal year and to lift up stories of impact in the West, Central, and South regions. These accomplishments are the direct result of the support of our donors, investors, and partners that make our work possible. We invite you to join us in the years ahead.

In 2022, we dreamed big—passing legislation, co-leading the first national employee ownership awareness campaign, teaming with Morehouse College to publish groundbreaking research on Black wealth building, and hosting our inaugural Employee Ownership Equity Summit. At the same time, we never lost sight of the power that employee ownership has...

2021 Annual Report

Building an inclusive economy through employee ownership

2021 was a year of growth and change for Project Equity, fueled by the support of our donors and funders. We helped more workers and businesses than ever along the pathway to employee ownership. We expanded to new regions, built new partnerships, launched new initiatives and advanced our efforts to create economic opportunity for Black and Brown workers by making employee ownership a fundamental part of the way America does business. And, with your support, we appointed our first CEO and expanded our team to make this work possible.

Some highlights from our 2021 Annual Report:

  • Find out how a Los Angeles bakery and a Berkeley tech company empowered their workers and secured their founders’ legacies by becoming worker-owned cooperatives.
  • Learn about our second capital initiative, which has enabled us to provide flexible and forgivable funding to help businesses recovering from the pandemic to pursue employee ownership transitions.
  • Discover how we ramped up our work to influence state and federal policy, including helping to craft the California Employee Ownership Act (SB 1407).
  • Read interviews with our Employee Ownership Champions, offering their unique perspectives from across the employee ownership ecosystem.
2021 was a year of growth and change for Project Equity, fueled by the support of our donors and funders. We helped more workers and businesses than ever along the pathway to employee ownership. We expanded to new regions, built new partnerships, launched new initiatives and advanced our efforts...

2020 Annual Report

Stories of resilience and hope

Project Equity’s 2020 Annual Report includes the incredible stories of resilience during the pandemic, made possible through your partnership and support.

These stories renewed our sense of hope that employee ownership can help us build a more equitable and resilient future:

  • The employee-owned solar installation company that harnessed the ingenuity of its employees to retain their jobs and become stronger than ever during the pandemic.
  • The Black-owned cooperative grocery that prioritized getting food to elders in the community, worker health and buying local, alongside profitability.
  • And the pair of pizza shops whose diverse employee-owners weathered the crisis by engaging the full team in creating solutions to COVID-related challenges.

Fueled by these stories of triumph—and support from our donors and funders—employee ownership is reaching new heights! Last year, in spite of the massive disruption of the pandemic, we nearly doubled our reach. We helped more workers and businesses than ever along the pathway to employee ownership; expanded to new regions; forged new partnerships; developed a new capital fund; and redoubled our efforts to create economic opportunity for Black and Brown workers through employee ownership.

Project Equity’s 2020 Annual Report includes the incredible stories of resilience during the pandemic, made possible through your partnership and support. These stories renewed our sense of hope that employee ownership can help us build a more equitable and resilient future...
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