Marjorie Kelly explains how SSBCI financing can be leveraged for employee ownership transitions
The U.S. Department of the Treasury is now soliciting applications for technical assistance grants,.
Using funds from the State Small Business Credit Initiative, states could accelerate transitions.
The Vermont Employee Ownership Center is engaging the state’s economic development agencies to ensure that the state’s SSBCI program supports employee ownership transitions.
The $10 billion Treasury program allows for employee ownership investments.
A federal loan guarantee program of $100 billion per year would permit policymakers to grasp how employee ownership could truly address the problem of economic inequality on a national level.
The reauthorization of the State Small Business Credit Initiative (SSBCI) could offer a timely answer to the down payment dilemma.