There is no wealth creation tool more powerful than business ownership. As baby boomers retire, there is an opportunity for business owners to profitably sell to their employees, bringing the benefits of ownership more broadly across Massachusetts. Working Wealth was formed to encourage employee ownership in the Commonwealth and beyond.
Employee ownership has been proven to address three critical issues facing MA:
As a result, it has received federal bipartisan support, and states have increasingly taken steps to encourage employee ownership.
However, there are key barriers to adoption that prevent companies from becoming employee owned, especially for smaller companies:
"I wanted the wonderful employees of The Harpoon Brewery who had helped us build this great business to be able to participate as owners in what we have created together. In an era of troubling inequality and too limited opportunity, employee ownership changes the rules of engagement, making capitalism truly a team sport. It also lets the wider world know everything they need to know about us and our values. As we say raising our glasses in the Beer Hall together: Cheers to Independent Craft Brewing."
Dan Kenary, CEO and co-founder, The Harpoon Brewing Company
Appearing in image: Tom Knight.