Broad-Based Ownership Models As Tools for Job Creation: A Guide to How Community Development is Using Broad-Based Ownership Models To Help Low and Moderate-Income Communities

In an attempt to combat the growing challenge of wealth inequality, leaders and policymakers are looking to broad-based ownership models as tools to create jobs and build community wealth. These models are highly effective, with a positive impact for low and moderate-income individuals and communities. This report looks at six models (employee stock ownership plan companies [ESOPs], worker cooperatives, community development financial institutions [CDFIs], social enterprises, municipal ownership, and emerging hybrids), with examples of best practices, and explores how these models can be used in community economic development.