Earlier this year, OFE launched the LOCAL Fund: Worker Ownership and Community Ownership programs which uses a shared ownership approach to building community wealth and supports business retention. Shared ownership is a strategy that fuels vibrant and resilient local economies, creates quality jobs and addresses wealth and income inequality.
On October 8th, 2024, the Office of Financial Empowerment and our partners, Project Equity, Nexus Community Partners, and Living Cities hosted a Shared Ownership Equity Summit. The Summit was a one-day event that aimed to:
- Share tools and resources to expand audience’ knowledge of shared ownership
- Get inspired by local employee ownership and shared ownership success stories
- Highlight the work of the City of Saint Paul around shared ownership
- Connect local government leaders and community partners to support the growth and development of our shared ownership ecosystem
Over 65 individuals representing local government, philanthropy, nonprofits, worker owners, and members of community owned real estate investment cooperatives.
Saint Paul Shared Ownership Equity Summit highlight reel
Visit the Office of Financial Empowerment’s YouTube channel to view Summit sessions including hearing from Worker Owned cooperatives and Community owned investment cooperatives and Mayor Carter’s fireside chat with Living Cities CEO Joe Scantlebury.
Visit Project Equity’s website for resources that were shared at the Summit. Resources include an Employee-owned workbook, a coop owned real estate workbook, a municipal toolkit to support worker ownership in Saint Paul, and a business landscape study for Saint Paul.
Interested in learning more? Visit the Shared Ownership Center at Nexus Community Partners.