Establishes the Rhode Island center for employee ownership to help businesses transition to employee-owned models.

This bill establishes the Rhode Island center for employee ownership to facilitate businesses in transitioning to an employee-owned business model. The center will provide resources, technical assistance, and serve as a concierge service for both legacy business owners and worker owners. It will also create a network of technical support and service providers, and work with financial institutions and other entities to shape and implement guidance on lending to employee-owned businesses.

Establishes the Rhode Island center for employee ownership to help businesses transition to employee-owned models.

This bill establishes the Rhode Island center for employee ownership to facilitate businesses in transitioning to an employee-owned business model. The center will provide resources, technical assistance, and serve as a concierge service for both legacy business owners and worker owners. It will also create a network of technical support and service providers, and work with financial institutions and other entities to shape and implement guidance on lending to employee-owned businesses.