SAN DIEGO (KUSI) – San Diego businesses and their employees could enjoy opportunities for growth by switching to an employee-ownership model, according to a San Diego Workforce Partnership report released Tuesday.
The report “Employee Ownership: A Good-For-Business Tool That Creates Equity and Opportunity for Workers” finds that employee-owned businesses such as El Cajon’s Taylor Guitars are both more profitable and resilient than many privately-owned companies.
The workforce partnership outlines how San Diego’s economy could see improvements through businesses adopting an employee-owned model.
“As we look towards recovery, San Diego faces an incredible opportunity to build a bigger and brighter future,” said Rachel Merfalen, director of business services at the San Diego Workforce Partnership. “Employee-owned business structures could offer our local economy a viable and powerful path forward.”
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The reconfigured 2021 NAMM Show will go on make that, go online this week. It will do so with a temporary new name, Believe in Music, and some of the most dramatic changes in the history of the world’s biggest annual trade show for the music, sound and event technology industries.
Because of the coronavirus pandemic, NAMM announced last August it was canceling its 2021 show as an in-person event and would instead pivot online. Believe in Music, which runs Monday through Friday, will serve as an interactive community center and marketplace for musical instrument and technology creators and manufacturers to connect with each other, buyers, sellers, musicians, and fans.