The daunting task of reducing the racial wealth gap and preserving the beacons of hope provided by successful minority-owned businesses requires immediate action and cannot wait for the highly unlikely passage of more sweeping policy changes. ESOPs can be a vital tool for increasing the wealth of Black and brown workers while providing the region’s business owners with an opportunity to get liquidity at fair market value from their businesses and diversify their assets. ESOPs do not merely provide business owners with an opportunity for liquidity; they are also conduits for transformative impact for employees, companies, business owners, and the communities in which they are established.
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