Employee-owned businesses foster healthier local economies

At Kaiser Permanente, we know that health, economic opportunity, and wealth are linked, and small businesses create vital jobs and thriving local economies. During the last 2 recessions, employee-owned enterprises experienced 50% fewer layoffs and consistently outperformed traditionally owned firms. Furthermore, a 2020 study by the Employee Ownership Foundation and Rutgers University School of Management and Labor Relations found that employee-owned companies have been 3 to 4 times more likely to retain workers during the pandemic compared with traditional companies. Employee-owned companies report faster growth, less turnover, and greater recession resilience while the employees themselves, who share ownership in their company, report greater income and wealth.


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