Worker Owned 101: A Smart Option for Your Business Legacy
Watch the webinar: Worker Owned 101: A Smart Option for Your Business Legacy
Recorded on: February 25, 2021
Worker Owned 101 allowed Santa Clara businesses and business service providers to explore the benefits of the worker-owned business model and why small business owners should consider a transition to worker ownership as a succession option. Transitioning to worker ownership via an employee buy-out allows you to:
- Secure the financial benefits of your investment and hard work
- Retain quality jobs for employees
- Preserve the legacy of the company to continue and operate locally
In this workshop, business owners and service providers learned about worker ownership structures, how employee buy-outs are financed, and how to tell if an employee-buyout is right for your business.
Presented by the City of Santa Clara in partnership with Project Equity, The Democracy at Work Institute, Sustainable Economies Law Center, and the U.S. Federation of Worker Cooperatives.
Robyn Sahid, City of Santa Clara
Donna Sky, Project Equity
Zen Trenholm, Democracy at Work Institute
Mo Manklang, U.S. Federation of Worker Cooperatives
Yassi Eskandari, Sustainable Economies Law Center
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The City of Santa Clara launched an initiative to assist locally-owned businesses that are at risk of closure to learn about the option of employee ownership.
2021 is a new year, and a great time to make a resolution to focus on succession planning.