Arvada business gives power to its workers of color by becoming 100% employee-owned

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“Closing the racial wealth gap is why we created A&H.”

Longstanding racial inequities also play out when it comes to accessing, which includes personal and family savings, business loans from banks and personal credit cards. “Minorities are disproportionally hurt by the cost of and lack of access to capital,” according to the Ewing Marion Kauffman Foundation.

While everything feels the same right now, she’s “looking forward to seeing not only how it affects me as an individual, but how it helps the company grow.” Apex isn’t the only Colorado business to embrace employee ownership. About 100 other companies in the state are employee-owned, including, according to the National Center for Employee Ownership, a nonprofit membership and research organization.

In the U.S., the most common method of employee ownership is an employee stock ownership plan, which is considered a type of retirement plan, NCEO reports. Around 6,500 companies nationwide use this“The main benefit of employee ownership is that it gives employees the ability to benefit from the success of the company, often in the form of the value of company stock,” according to NCEO.

 

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