Facing Race: A National Conference in St. Louis, MO — November 20-22, 2024

A Better Future of Work: Closing Racial Wealth Gap and Building an Equitable Economy for ALL through Worker Ownership

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Saturday, 11/19
2:15 pm to 3:45 pm

Income and wealth inequality, exploitative working conditions, and commercial displacement are critical issues faced by communities across the country. Traditional economic development tools often exacerbate inequalities, particularly for those most marginalized by existing economic policies including low-income communities, recent immigrants, returning citizens, and communities of color.

Worker ownership can create jobs with dignity and opportunities for wealth building. While cities and communities are beginning to explore and invest in employee ownership, the strategy is largely underrecognized despite its proven effectiveness.

This session will demonstrate how communities have used worker ownership strategies to create access to stable employment, put productive assets into the hands of workers, and anchor critical assets in the community. Attendees will discuss how these approaches connect to their needs and priorities and will learn how to take the first steps in developing a worker cooperative project in their communities.

Attendees will leave with a toolkit on how to develop a strategy for preserving BIPOC-owned small businesses and/or small businesses with majority BIPOC workforces through transitions to worker ownership. Attendees will also learn how to support the development of a worker cooperative that provides sustainable work and entrepreneurship opportunities for workers with barriers to employment.