COVID-19 has created economic hardships that have created severe business challenges for local small businesses, but broad based participant ownership structures could be the solution to supporting these local businesses.

Schneider writes, “[B]ack in 2018, President Trump (whether knowingly or not) signed a historic, bipartisan employee-ownership law originally introduced by Kirsten Gillibrand, the Main Street Employee Ownership Act. Now would be an excellent time for his Small Business Administration to actually implement it. In the meantime, groups including the Main Street Phoenix Project and The Democracy Collaborative are finding ways to help deliver troubled businesses into the hands of their workers.”