October is National Employee Ownership Month, which provides an opportunity to get the word out about the benefits of employee ownership to employees, companies, local communities, and the nation.
From The Hill Op-Ed:
Employee ownership also benefits communities. Led by Industrial Commons, communities such as Morganton, N.C., are using employee ownership as a strategy to revitalize industry and economic development to help decrease poverty and address historical inequities. Employee ownership also allows communities to weather economic headwinds and to build community assets and wealth, rather than having profits siphoned away to a distant location. Local owners who live in the community also make it more likely that the business takes community concerns into their decisions.