Discover the power
of employee ownership

Whether you own a Chicago business, advise local business owners or want a
thriving economy, find out how employee ownership can work for you

Engage your employees, sell your business and preserve your legacy

Give your clients peace of mind and a fair market price for their businesses

Retain local businesses and create high quality jobs

Why is employee ownership a great option?

Are you a Chicago business owner looking for tools to retain employees or build a succession plan? Are you beginning to consider retiring or transitioning your business to another owner?

The perfect buyer for your company may be the ones you work with every day, and the perfect employee engagement strategy might be to give them a stake in your business’s future.


Sources: National Center for Employee Ownership, Democracy at Work Institute, 2018 National Longitudinal Survey, Rutgers University

Chicago map graphic
Employee-owned companies in Chicago

Cafe Chicago
ChiFresh Kitchen
Chicago Lumber Company
Clark-Devon Hardware
Clune Construction Company
G & M Electrical Contractors Co.
New Era Windows
Norwood Liquors
Semelsnow Interior Design
The Kola Nut Collaborative
W.E. O’Neil Construction

Data courtesy of Certified EO

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“It feels like a chance to build something together. I love the sense of shared responsibility and how much collaboration our team has. It’s a relief to share some of the burdens of ownership.”

Josh Harrington, LMFT

Selling Owner
Chicago Center for Relationship Counseling
Chicago, IL
Read their story

Chicago events & webinars

Employee ownership as a strategy for business and workforce retention

Small, locally owned businesses are essential to Chicago’s local economy and regional community vitality. Among the challenges the city faces is keeping businesses and the jobs they provide rooted in the community, as the Silver Tsunami – the retirement of baby boomer business owners – impacts the region.

Learn more about curbing the effects of the Silver Tsunami.

In the news

Our partnership with Revolution Institute

Project Equity is partnering with Revolution Institute to advance employee ownership as a turnkey strategy for business succession, workforce retention, and wealth building in Chicago’s industrial and manufacturing economy. This collaboration brings together Project Equity’s capacity and expertise as a national leader in employee ownership transitions with Revolution Institute’s deep connections across Chicago’s business ecosystem and extensive experience supporting worker cooperatives.

Together, we are working to raise awareness of employee ownership, build a pipeline of transition-ready businesses, support successful ownership conversions through dedicated capital and technical assistance, and strengthen the capacity of local advisors and institutions to support employee ownership. We are grateful to The Chicago Community Trust for supporting this effort.

Contact our Chicago team

Stacey Smith

Stacey Smith

Senior Vice President, Head of Programs
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Stacey Smith
Stacey Smith

Stacey Smith

Senior Vice President, Head of Programs

Stacey has spent most of her career helping businesses examine their impact and aligning it with their values. She started as a CPA with Arthur Andersen, then moved into strategy and organizational development. Seeking to devote her financial expertise to social and environmental issues, she was an early mover in the field of sustainability and corporate responsibility in the US. She joined Business for Social Responsibility in 2001 to build their business consulting practice and spent the next decade guiding Fortune 500 companies to address their negative impacts. Recently, Stacey began consulting to nonprofits and foundations to strengthen their strategy, management, and governance practices. Through her work with the Public Equity Group and her own independent practice, she explored the structural barriers to wealth and other drivers of generational poverty. At Project Equity she is helping grow our team of professionals to accelerate the adoption of employee ownership as a key to building wealth and high-quality careers in communities. In addition to having been a licensed CPA, Stacey has a degree in Business Administration from the University of Vermont and has done coursework in International Business Studies at the University of Copenhagen. When she is not working, you can find her hiking the Bay Area hills, indulging in the restaurant scene, and playing with her family.

Tyler Rivera

Tyler Rivera

Manager, Ecosystem Development
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Tyler Rivera
Tyler Rivera

Tyler Rivera

Manager, Ecosystem Development

Tyler is passionate about building a more just and democratic economy that works for all. As Ecosystem Development Manager at Project Equity, he advances efforts to scale employee ownership by helping partner organizations build lasting EO capacity and infrastructure across key regions. He also coordinates Project Equity’s Impact Measurement & Management (IMM) program, which captures data on the benefits of EO transitions for workers, businesses, and communities. In addition, he has led policy research focused on advancing Black wealth building and economic opportunity through EO as project manager for a research partnership with Morehouse College and the University of California, Riverside.

Before joining Project Equity, Tyler was an Associate at Mass Economics, where he provided research and project management support for inclusive economic development initiatives. He has also worked in climate justice organizing, youth civic engagement, and nonprofit development. Tyler holds a Master in City Planning from MIT and a B.A. in Geography from Dartmouth College. Outside of work, he enjoys cooking and baking for friends, going to live music, spending time with his three-legged cat, and taking public transit whenever possible.

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Cities across the U.S. are adding employee ownership to their...

At a Glance New Era Windows is a cooperative started...

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