Project Equity, a program of Multiplier
Project Equity fosters economic resiliency with low- and middle-income communities by expanding employee ownership, a proven but little-known business structure that shares the wealth a company generates with its workers—increasing worker agency, wages, and assets, and creating quality local jobs.
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1 Submitted Idea
CREATE ·2020 Grants ChallengeEmployee Ownership: Building a More Equitable and Resilient Future with LA’s Manufacturers and Workers
Project Equity will leverage employee ownership (EO) to preserve local ownership of manufacturing firms and increase economic security for low- and middle-income (LMI) workers. Through outreach to firms and their networks, we will raise awareness of and counsel manufacturers on EO transitions—the sale of a firm to its employees—to provide retiring owners and those considering closure due to COVID-19 with an exit option that averts job losses, transfers assets to LMI workers, and embeds greater economic resilience and equity into LA’s future.