In this event, panelists discuss the state of research into employee ownership trusts (EOTs), the benefits that EOTs provide, how EOTs compare to other forms of employee ownership, the experiences of business owners and workers in trusts, and what the future holds for this model in the US.

In this event, Marjorie Kelly, author of “Wealth Supremacy: How the Extractive Economy and the Biased Rules of Capitalism Drive Today’s Crises,” outlines the myths that perpetuate wealth inequality and discusses how the democratization of ownership — including public ownership of vital services, worker-owned businesses, and more — can help us build a non-extractive capitalism and economy based on the public interest.

In this event, panelists discuss alternative models of platform-based work — including cooperatives and public options — policies being introduced to improve gig workers’ lives, and research pointing to what’s next in the gig economy.

This piece reflects on the Aspen Institute Economic Opportunities Program’s event “Sustaining Ownership: The Promise of Employee Ownership Trusts,” which introduced viewers to Employee Ownership Trusts and their potential to increase job quality for workers.

For more than two decades, the Vermont Employee Ownership Center (VEOC) has worked to raise awareness and grow employee ownership in the state, including by providing technical and financial assistance to firms looking to transfer ownership to their workers. Vermont is home to several notable employee-owned companies, like Gardener’s Supply Company and King Arthur Flour, boasting one of the highest rates of employee ownership in the country, and the benefits of this shared prosperity are measurable. The state’s 55 employee-owned companies tend to have higher employee retention rates and narrower pay gaps between leadership and workers when compared to conventionally owned companies. And Vermont’s employee-owned companies report that employee ownership has improved their resiliency. The history of employee ownership in Vermont and the work of VEOC provide useful guidance and insight to those seeking to grow employee ownership and develop new state centers.

This piece reflects on the Aspen Institute Economic Opportunities Program’s event “ESOPs, Job Quality, and Wealth Inequality: The Potential of Employee Stock Ownership Plans,” which discusses the potential for ESOPs to improve job quality and build meaningful wealth for workers.

In this interview, Chris Fredericks, founder and CEO of the employee owned company Empowered Ventures, reflects on methods to grow employee ownership and the benefits of employee ownership for a company and its workers.

State centers of employee ownership work to promote employee ownership and educate business owners and workers about the different avenues of employee ownership available. In this brief, the Aspen Institute Economic Program discusses the strategies and practices implemented by Colorado’s Employee Ownership Office to better understand how employee ownership can be supported and grown at the state level. This profile is a useful resource to inform other state centers’ practices and the government’s role in supporting state centers, particularly as more centers emerge through funding provided by the recently passed Worker Ownership, Readiness, and Knowledge (WORK) Act.

HCAP Partners – a fund providing debt and equity growth capital to lower-middle market companies – has developed this operational impact approach to assess job quality standards and improvements in portfolio companies through a quantitative measurement system. HCAP has identified five key attributes of job quality that fall within the categories of economic opportunity and health and wellness. HCAP engages with businesses to collect data, develop a baseline assessment, and build a strategic roadmap to implement and improve workplace initiatives for creating and maintaining high quality jobs. While this bespoke measurement system is designed to meet HCAP’s needs, other investors, lenders, and practitioners who work with businesses to improve job quality may find HCAP’s job quality definition and measurement framework useful in developing their own tools.

At the inaugural Employee Ownership Ideas Forum, leading policymakers, practitioners, experts, and the media convened for a robust discussion on how we can grow employee ownership for the shared benefit of American workers and businesses.