IDFC Project Equity

America's Small Business Development Centers (SBDCs) Host 7th Annual SBDC Day

Retrieved on: 
Wednesday, March 15, 2023
Online, Cooperative, Economic development, Alliance for Main Street Fairness, City, United States Federation of Worker Cooperatives, NDI, Organization, University, Sauk Valley Community College, Illinois Hispanic Chamber of Commerce, Chain O'Lakes, Partner, The Main Ingredient, Economy, Small Business Majority, Heartland Bank, Ohio Department of Job and Family Services, Entrepreneurship, BMO, National CineMedia, Main Street, Movement, ECD, University of Chicago, Rock Valley College, CED, NCM, Merge, Small business, Community wealth building, Social media, IDFC Project Equity, SCORE, Constant Contact, Commerce, Video game, Drug, Spirit

WASHINGTON, March 15, 2023 /PRNewswire/ -- SBDC Day is a national movement and day of recognition of the SBDC program, its small business clients, and the economic success SBDCs have fostered in communities nationwide.

Key Points: 
  • WASHINGTON, March 15, 2023 /PRNewswire/ -- SBDC Day is a national movement and day of recognition of the SBDC program, its small business clients, and the economic success SBDCs have fostered in communities nationwide.
  • 63 SBDC networks and nearly 1,000 small business development centers provide free advising and low-cost training to help millions of small business owners start and grow their businesses.
  • SBDC partners and supporters celebrate the day by participating in the national SBDC Day Ambassador program, designed for organizations and businesses to get involved in SBDC Day and show their support through social media, blogs, and newsletters.
  • To learn more about SBDC Day and to join the movement, follow the hashtag #SBDCDay and visit www.AmericasSBDC.org/SBDCDay .

Rutgers University Hosts Private Equity and Employee Share Ownership Symposium

Retrieved on: 
Monday, November 14, 2022
Business, Human Resources, Finance, Consulting, Small Business, Asset Management, Professional Services, Environmental, Social and Governance (ESG), Continuing, University, Thought Leadership, DEI (Diversity, Equity and Inclusion), Education, Socially Responsible Investing, Morgan Stanley, IDFC Project Equity, J. P. Morgan, Rutgers School of Management and Labor Relations, Employee stock ownership, Employment, Policy, Research, Stout, Organization, KKR, Management, Blue Wolf Capital Partners, Bank

The Rutgers Institute for the Study of Employee Ownership and Profit Sharing will host the 5th Annual Private Equity and Employee Share Ownership Symposium in a virtual format on November 18, 2022.

Key Points: 
  • The Rutgers Institute for the Study of Employee Ownership and Profit Sharing will host the 5th Annual Private Equity and Employee Share Ownership Symposium in a virtual format on November 18, 2022.
  • This years event will build on previous years in broadening awareness among finance professionals about the possibility of incorporating broad-based employee share ownership and/or profit sharing in financial transactions involving private equity firms or private debt transactions.
  • The symposium is sponsored by KKR, J.P. Morgan, Stout, Morgan Lewis, and Blue Wolf Capital Partners.
  • The event will run from 9:00 a.m. to 1:00 p.m. and will feature case studies delving into the details of past transactions involving the use of broad-based employee share ownership and/or profit sharing with portfolio companies of private equity firms.

Governor Newsom Signs Ground-Breaking Law Giving Workers a Chance to Become Owners

Retrieved on: 
Monday, October 3, 2022
Small business, Employee stock ownership, Workforce, Senate, ESOP, COVID-19, Cooperative, Economic development, Proof, Act, State, WORC, IDFC Project Equity, Business, PRS, Property management, Ridesharing company, Creative industries

SACRAMENTO, Calif., Oct. 3, 2022 /PRNewswire-PRWeb/ -- Worker-Owned Recovery California (WORC), Project Equity, and Ownership America applaud Governor Newsom for signing Senate Bill 1407 (Becker D-Menlo Park), the California Employee Ownership Act, into law. The Act equips California's small business owners with options for succession and employee engagement and gives workers across the state a chance to become co-owners of the companies where they work.

Key Points: 
  • Worker-Owned Recovery California, Project Equity, and Ownership America applaud Governor Newsom for signing the California Employee Ownership Act into law.
  • The law gives California's small business owners options for succession and employee engagement and gives workers across the state a chance to become co-owners of their companies.
  • SACRAMENTO, Calif., Oct. 3, 2022 /PRNewswire-PRWeb/ -- Worker-Owned Recovery California (WORC), Project Equity, and Ownership America applaud Governor Newsom for signing Senate Bill 1407 (Becker D-Menlo Park), the California Employee Ownership Act, into law.
  • The Act equips California's small business owners with options for succession and employee engagement and gives workers across the state a chance to become co-owners of the companies where they work.

City of Tucson and Project Equity Launch Program to Preserve Legacy Businesses Worth $16 Billion in Revenues

Retrieved on: 
Saturday, September 17, 2022
Income, Culture, Movement, COVID-19, Risk, EEC, ARPA, IDFC Project Equity, American Rescue Plan Act of 2021, Partnership, Program, Interventionism (politics), City, Ownership, Silver, Solution, Steel, Biophysical environment, Retirement, Awareness, Coffee, Equity, Airline, Management, Bank

TUSCON, Ariz., Sept. 17, 2022 /PRNewswire-PRWeb/ -- Today the City of Tucson and Project Equity announced a business succession and recovery initiative aimed at preserving Tucson's small business vitality. The program is a partnership of Project Equity, a nonprofit that helps business owners preserve their legacy through employee ownership, and the City of Tucson Office of Economic Initiatives.

Key Points: 
  • The program is a partnership of Project Equity, a nonprofit that helps business owners preserve their legacy through employee ownership, and the City of Tucson Office of Economic Initiatives.
  • The program is a partnership of Project Equity , a nonprofit that helps business owners preserve their legacy through employee ownership, and the City of Tucson Office of Economic Initiatives.
  • According to a study by Project Equity, about half of the privately-held businesses in Tucson are owned by baby boomers nearing retirement.
  • "We are excited to bring this program to our local businesses," said Barbra Coffee, Economic Initiatives Director for the City of Tucson.

Legacy Businesses in Atlanta, Worth $163 Billion in Revenue, at Stake As Baby Boomers Retire

Retrieved on: 
Saturday, May 14, 2022
Income, Risk, Small business, African Americans, Atlanta, Morehouse, National Center for Civil and Human Rights, Leadership, Equity, COVID-19, Color, Ownership, Invest Atlanta, IDFC Project Equity, Workforce, Industry, Partnership, Awareness, Movement, Friends, Project, Morehouse College, Bank, Creative industries, Management, Black

ATLANTA, May 14, 2022 /PRNewswire-PRWeb/ -- Today Project Equity launched an initiative to retain Black-owned legacy businesses and preserve jobs in Atlanta, bolster the local economy and generate wealth as business owners retire in partnership with Atlanta Wealth Building Initiative and Morehouse College. In the Atlanta metro region, according to a study by Project Equity, 28,943 businesses are 20 years old or older, accounting for over $163 billion in revenue. These businesses employ nearly 427,400 workers in the area. In addition, one-third of the workforce in the region are Black or African American, and 6,274 businesses with employees are Black- or African American-owned.

Key Points: 
  • With one-third of local businesses Black-owned, this initiative will turn employees into owners, strengthening the region's resiliency.
  • In addition, one-third of the workforce in the region are Black or African American, and 6,274 businesses with employees are Black- or African American-owned.
  • With half of the business owners in this region beginning to retire, it is time to turn risk into opportunity.
  • Employee ownership retains businesses as owner's retire, supports recovery in the wake of COVID-19, and builds wealth for workers.

CITI and Project Equity Launch Business Retention and Recovery Program

Retrieved on: 
Friday, April 1, 2022
Risk, Culture, Income, Movement, Ownership, COVID, Awareness, Leadership, IDFC Project Equity, Equity, Bank, Management, Citigroup

MIAMI, April 1, 2022 /PRNewswire-PRWeb/ -- Today, Citi and national nonprofit organization Project Equity launched a business succession and recovery initiative aimed at preserving South Florida's small business vitality. In Miami-Dade County, according to a study by Project Equity, nearly 30,000 businesses are owned by baby boomers nearing retirement, and these businesses account for nearly $50 billion in revenue and 200,000 local jobs. This initiative will demonstrate the significant efficacy of full and partial employee buyouts as a strategy to preserve jobs, provide small business owners liquidity and reinvigorate the economy now and in the post-pandemic world.

Key Points: 
  • MIAMI, April 1, 2022 /PRNewswire-PRWeb/ -- Today, Citi and national nonprofit organization Project Equity launched a business succession and recovery initiative aimed at preserving South Florida's small business vitality.
  • Additionally, the pandemic has made recruitment and retention of employees more challenging for business owners, thus slowing the recovery of their operations.
  • Project Equity and Citi are raising awareness of employee ownership as a strategy to strengthen Miami-Dade County's economic resilience, protect local jobs and revenue, and help business owners recruit and retain employees.
  • Project Equity is a national leader in the movement to harness employee ownership to maintain thriving local business communities, honor selling business owners' legacies, and address income and wealth inequality.

Project Equity Announces Employee Ownership Accelerator Campaign

Retrieved on: 
Wednesday, March 30, 2022
IDFC Project Equity, Human, Prudential Financial, Poverty, Transport, Growth, Legislation, NYSE, Ownership, Public opinion, Research, Color, National Center on Education and the Economy, PRU, CEO, Rock, Workforce, Working poor, Employee stock ownership, COVID-19, Income, Movement, Awareness, Creative industries, Management, Prudential

OAKLAND, Calif., March 30, 2022 /PRNewswire-PRWeb/ -- Today, Project Equity announced a national call to action for the creation of 2 million new employee-owners by 2026. Right now, almost 3 million businesses in the United States have owners at or near retirement age. Dubbed the "Silver Tsunami," most retirement-aged business owners have no plans for once they retire. Many of these businesses are in industries that tend to have lower-wage workers and a significant percentage of workers of color.

Key Points: 
  • Through the Employee Ownership Accelerator Campaign , Project Equity will highlight the fact that employee ownership fortifies businesses, makes local economies more resilient and allows more people to build economic stability across generations.
  • "The U.S. economy is ready for a new direction to help employees of all income levels build economic security for the future: employee ownership.
  • The Employee Ownership Accelerator Campaign is an initiative by Project Equity to raise $30 million over five years in order to influence, drive and support the conditions for the growth of 2 million new employee-owners across the country.
  • As an established thought leader on the benefits of employee ownership, Project Equity will influence public opinion and drive demand across the business landscape for employee ownership transitions through research, direct service, partnerships and access to capital.

America's SBDC Celebrates SBDC Day with new Annual Report and the Support of its Ambassadors

Retrieved on: 
Wednesday, March 16, 2022
Crave (TV network), Commerce, Education, Small Business Administration, Small business, City, CEO, United States Federation of Worker Cooperatives, First Bank, The Main Ingredient, East Central Community College, EIDL, Florida Small Business Development Center Network, Partnership, Government, IDFC Project Equity, Nation, Small Business Majority, PPP, Ruby, Democracy, Uncertainty, Organization, Economic development, FutureFeed, CO-OP, Social media, Annual report, Center, Cooper University Hospital, Merge, Constant Contact, Airline, Intuit

This SBDC Day , SBDCs and their Ambassador's around the country will be celebrating the important work they do and the impact they have on their local communities.

Key Points: 
  • This SBDC Day , SBDCs and their Ambassador's around the country will be celebrating the important work they do and the impact they have on their local communities.
  • "The new America's SBDC Annual Report is another impressive virtual catalogue of the work SBDCs have done the past year serving their clients.
  • SBDC Day is a national movement to help share the small business success stories and notable impact SBDCs have fostered in communities nationwide.
  • SBDC partners and supporters are celebrating the day by participating in the national SBDC Day Ambassador program which is designed for organizations and businesses to get involved in SBDC Day and show their support through social media, blogs, and newsletters.

The American Council of Learned Societies Opens 2022 Leading Edge Fellowship Competition for Recent PhDs in the Humanities and Interpretive Social Sciences

Retrieved on: 
Tuesday, February 1, 2022
Center for Court Innovation, Doctor of Philosophy, Restorative justice, Organization, American Council of Learned Societies, ACLS, Fellows, American Council, Andrew W. Mellon Foundation, Learned society, Foundation, Program, Humanities, Freedom, Knowledge, Imagination, Food security, Social justice, IDFC Project Equity, Social, Beauty, Public relations

NEW YORK, Feb. 1, 2022 /PRNewswire-PRWeb/ --The American Council of Learned Societies (ACLS) announces the fourth competition for the Leading Edge Fellowship, made possible by the generous support of The Andrew W. Mellon Foundation.

Key Points: 
  • NEW YORK, Feb. 1, 2022 /PRNewswire-PRWeb/ --The American Council of Learned Societies (ACLS) announces the fourth competition for the Leading Edge Fellowship, made possible by the generous support of The Andrew W. Mellon Foundation.
  • In 2022, the Leading Edge Fellowship program will offer 20 two-year fellowships partnering recent humanities and interpretive social sciences PhDs with organizations advancing social justice and equity in communities across the United States.
  • Formed in 1919, the American Council of Learned Societies (ACLS) is a nonprofit federation of 78 scholarly organizations.
  • As the preeminent representative of American scholarship in the humanities and interpretive social sciences, ACLS holds a core belief that knowledge is a public good.

Project Equity, a national nonprofit organization, names Evan Edwards as first Chief Executive Officer

Retrieved on: 
Thursday, November 18, 2021
Awareness, Ownership, Economic development, Policy, Sale, CEO, Movement, Government, Growth, IDFC Project Equity, University of Michigan Business Engagement Center, Leadership, Income, History, COVID, Management, Public relations, Creative industries

OAKLAND, Calif., Nov. 17, 2021 /PRNewswire-PRWeb/ -- Evan Edwards has been appointed Chief Executive Officer of Project Equity, a national leader in the movement to harness employee ownership to maintain thriving local business communities, honor selling owners' legacies, and address income and wealth inequality.

Key Points: 
  • OAKLAND, Calif., Nov. 17, 2021 /PRNewswire-PRWeb/ -- Evan Edwards has been appointed Chief Executive Officer of Project Equity, a national leader in the movement to harness employee ownership to maintain thriving local business communities, honor selling owners' legacies, and address income and wealth inequality.
  • "We are at an inflection point in the history of our country and also our organization," said Edwards.
  • Prior to joining Project Equity, Edwards spent over two decades working with start-up and early growth companies and in nonprofit leadership.
  • Today, Evan Edwards steps into the CEO role as the organization moves into its next chapter of growth.