Marjorie Kelly explains how SSBCI financing can be leveraged for 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.
State Centers for Employee Ownership could ramp up their education and outreach to business owners, business service providers, and state leaders with SSBCI technical assistance funds.
Could SSBCI 2.0 provide the capital to begin to significantly redistribute business ownership?
As a field we will need to work hard to build the pathways for capital and technical assistance within the SSBCI program.