CFED Scorecard

Financial Assets & Income

Outcome Measures

Income Poverty Rate

Asset Poverty Rate

Asset Poverty by Race

Asset Poverty by Gender

Asset Poverty by Family Structure

Liquid Asset Poverty Rate

Liquid Asset Poverty by Race

Liquid Asset Poverty by Gender

Liquid Asset Poverty by Family Structure

Extreme Asset Poverty Rate

Net Worth

Net Worth by Race

Net Worth by Income

Net Worth by Gender

Net Worth by Family Structure

Unbanked Households

Underbanked Households

Households with Savings Accounts

Consumers with Subprime Credit

Borrowers 90+ Days Overdue

Average Credit Card Debt

Bankruptcy Rate

Policy Priorities

Tax Credits for Working Families

State IDA Program Support

Lifting Asset Limits in Public Benefit Programs

Protections from Predatory Short-Term Loans

Additional Policies

Income Tax Threshold

Tax Burden by Income

Prize-Linked Savings

Paperless Payday

Trend Indicators

Change in Net Worth

Change in Asset Poverty

Change in Liquid Asset Poverty

Change in Consumers with Subprime Credit

Change in Average Credit Card Debt

Businesses & Jobs

Housing & Homeownership

Health Care


CFED Assets & Opportunity Scorecard

Incentives for Employee Ownership

Reports & Graphics


States that promote employee ownership through tax incentives, state mandated assistance and employee ownership programs, 2012.


Employee ownership builds wealth through shared ownership of the company for which a person works. Two approaches to enabling workers to gain an ownership stake in businesses where they work are Employee Stock Ownership Plans (ESOPs) and worker-owned cooperatives. In an ESOP, employees receive company stock as part of their benefits package. Worker-owned cooperatives are companies that are fully-owned by their workers and embody a democratic approach to management of one worker/one vote.

In recent years, state budget shortfalls have led to funding cuts for state employee ownership centers, despite the assistance they provide to local firms. In addition to employee ownership centers, states can adopt additional policies that help firms establish business conversion to employee ownership:

  • Fund preliminary feasibility studies about conversion to employee ownership using WIA monies: The Federal Workforce Investment Act (WIA) includes layoff aversion provisions that permit states to fund preliminary feasibility studies with WIA dollars. These studies gauge whether establishments threatened by shutdown or major layoffs can continue operation through alternative ownership. Such studies provide objective analysis to understanding the feasibility of firm conversion to employee ownership.
  • Provide direct assistance for establishing employee-owned firms: Upon request, state law can provide active state assistance for establishing employee-owned firms under one or more circumstances. Assistance can include providing information and technical assistance on employee ownership, financing an analysis of feasibility, and making available economic development lending to employee-owned firms.

For more information on employee ownership, please visit the Ohio Employee Ownership Center at Kent State University.

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Incentives for Employee Ownership

StateWIA-funded preliminary feasibility
studies around employee ownership?
Direct assistance for establishing
employee-owned firms?
Alabama  No  No 
Alaska  Yes  No 
Arizona  No  No 
Arkansas  No  Yes 
California  Yes  Yes 
Colorado  No  No 
Connecticut  No  Yes 
Delaware  No  No 
District of Columbia  No  No 
Florida  No  No 
Georgia  Yes  No 
Hawaii  No  No 
Idaho  No  No 
Illinois  Yes  Yes 
Indiana  No  Yes 
Iowa  No  Yes 
Kansas  No  No 
Kentucky  No  No 
Louisiana  No  No 
Maine  Yes  No 
Maryland  Yes  Yes 
Massachusetts  Yes  Yes 
Michigan  Yes  Yes 
Minnesota  No  No 
Mississippi  No  No 
Missouri  Yes  Yes 
Montana  No  Yes 
Nebraska  No  No 
Nevada  No  No 
New Hampshire  No  Yes 1
New Jersey  No  Yes 
New Mexico  No  No 
New York  Yes  Yes 
North Carolina  Yes  No 
North Dakota  No  No 
Ohio  Yes  Yes 
Oklahoma  No  No 
Oregon  Yes  Yes 
Pennsylvania  Yes  No 
Rhode Island  No  No 
South Carolina  No  No 
South Dakota  No  No 
Tennessee  No  No 
Texas  Yes  No 
Utah  No  No 
Vermont  Yes  Yes 
Virginia  Yes  No 
Washington  No  Yes 
West Virginia  No  No 
Wisconsin  No  Yes 
Wyoming  No  No 


Data provided by the Ohio Employee Ownership Center at Kent State University in 2012. CFED thanks Roy Messing and Felicia Wetzig of the Ohio Employee Ownership Center for their assistance in developing and reviewing this data.


1. New Hampshire provides direct state assistance for worker cooperatives only.

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