The Main Street Employee Ownership Act is a major federal breakthrough addressing the small business closure crisis and wealth inequality in our country. The new law empowers the Small Business Administration to assist in the conversion of businesses to employee ownership and updates the SBA’s lending practices to support the process.
Project Equity was pleased to support this bipartisan effort to make employee ownership a more viable succession option. This act has the potential to make a tremendous difference for small business owners and workers and we’re poised to take advantage of it.