Employee Ownership: A Strategy for Thriving Communities
Keywords:
employee ownership, economic mobility, Washington state, Whatcom County, business succession, rural development, economic inclusion, workforce development, community foundation, wealth building, workplace equity, local businesses, inclusive economyAbstract
The article "Employee Ownership: A Strategy for Thriving Communities" by Mauri Ingram, Patricia Kwan, and Alexandrea Spaulding discusses the vision of the Whatcom Community Foundation to create an inclusive economy in Whatcom County, Washington, through employee ownership (EO). The foundation aims to enhance economic mobility and prosperity by promoting EO, which involves employees owning a significant portion of a business's equity. The article highlights the benefits of EO, such as better compensation, higher productivity, and greater civic engagement among employee-owners. It also details the foundation's efforts to establish the Washington Center for Employee Ownership (WACEO) to support the transition to EO for businesses across the state.
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Copyright (c) 2025 Mauri Ingram, Patricia Kwan, Alexandrea Spaulding (Author)
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