Ownership Across America: What Iowa and New Jersey Are Teaching Other States

<div class="header alignfull header--article has-background has-tonal-black-background-color"> <div class="header__layout"> <div class="header__content"> <div class="header__metadata"><div class="header__metas"><div class="header__meta header__meta--taxonomy header__meta--tax-category"> Blog Posts</div></div></div> <h1 class="header__title">Archives</h1> <div class="header__metadata"><div class="header__metas"><div class="favorite-block"> <button class="favorite" data-id="322669" data-state="" title="Favorites are not currently available" disabled><span class="favorite__on">Unfavorite</span><span class="favorite__off">Favorite</span><svg class="svg svg--svg-assets-svg-icon-bookmark" role="img" height="15" width="11"><use xlink:href="#svg-assets-svg-icon-bookmark" /></svg></button></div> <div class="header__meta header__meta--date"> October 23, 2026</div> <div class="header__meta header__meta--taxonomy header__meta--tax-program_tax"> <a href="https://www.aspeninstitute.org/programs/economic-opportunities-program/">Economic Opportunities Program</a></div></div></div> </div> </div> <figure class="header__media" role="presentation"> <img decoding="async" src="https://www.aspeninstitute.org/wp-content/uploads/2025/08/From-the-Forum-Header-image-2-3.png" alt="A skyline with leaves from a tree in the foreground and the U.S Capitol Building in the background." width="1600" height="450" srcset="https://www.aspeninstitute.org/wp-content/uploads/2025/08/From-the-Forum-Header-image-2-3.png 1600w, https://www.aspeninstitute.org/wp-content/uploads/2025/08/From-the-Forum-Header-image-2-3-800x225.png 800w, https://www.aspeninstitute.org/wp-content/uploads/2025/08/From-the-Forum-Header-image-2-3-1500x422.png 1500w, https://www.aspeninstitute.org/wp-content/uploads/2025/08/From-the-Forum-Header-image-2-3-768x216.png 768w, https://www.aspeninstitute.org/wp-content/uploads/2025/08/From-the-Forum-Header-image-2-3-1536x432.png 1536w, https://www.aspeninstitute.org/wp-content/uploads/2025/08/From-the-Forum-Header-image-2-3-1200x338.png 1200w, https://www.aspeninstitute.org/wp-content/uploads/2025/08/From-the-Forum-Header-image-2-3-1024x288.png 1024w, https://www.aspeninstitute.org/wp-content/uploads/2025/08/From-the-Forum-Header-image-2-3-300x84.png 300w" sizes="(max-width: 1600px) 100vw, 1600px" loading="eager" class="header__image" style="object-position: 69% 60%"> <span class="header__overlay" style="opacity: 0.8"></span> </figure> </div> <div class="alignfull cta has-primary-background-color has-background"><div class="cta__layout"> <div class="cta__content"> <h2 id="h-subscribe-to-from-the-forum" class="wp-block-heading has-h4-variant">Subscribe to From the Forum</h2> <p class="wp-block-paragraph">A newsletter from the Aspen Institute&#8217;s Economic Opportunities Program. Subscribe for highlights from the 2025 Employee Ownership Ideas Forum.</p> </div> <div class="wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex"> <div class="wp-block-button"><a class="wp-block-button__link wp-element-button" href="https://www.aspeninstitute.org/programs/economic-opportunities-program/connect/">Subscribe<span class="wp-block-button__effect"></span></a></div> </div> </div></div> <div class="wp-block-group alignfull is-style-contour-lines is-layout-constrained wp-block-group-is-layout-constrained" style="margin-top:0;margin-bottom:0;padding-top:var(--wp--preset--spacing--medium);padding-bottom:var(--wp--preset--spacing--medium)"> <p class="has-medium-variant wp-block-paragraph">What role should states play in expanding employee ownership? Increasingly, they’re serving as testing grounds for new ideas.</p> <p class="wp-block-paragraph">Across the country, policymakers and advocates are exploring new ways to help businesses transition to employee ownership, from financing strategies and technical assistance to outreach and education programs that help introduce business owners to employee ownership as a succession option.</p> <p class="wp-block-paragraph">Each state faces its own economic and political challenges, but common approaches are beginning to emerge. Twenty-five states now have state centers of employee ownership to support this work, including at least eight that receive state funding. Some states are building partnerships with universities and economic development agencies, as Iowa has, while others are developing financial incentives such as New Jersey’s new revolving loan fund, and programs to help businesses navigate the transition. These efforts offer insights into how states can build the infrastructure needed to make employee ownership more accessible.</p> <p class="wp-block-paragraph">In this issue of From the Forum, we revisit a conversation with state and federal leaders about the policies and partnerships taking shape nationwide. <a href="https://www.aspeninstitute.org/videos/state-innovations-in-employee-ownership/">Watch the conversation</a> to learn how state leaders are advancing employee ownership and what their work could mean for the future of ownership policy across the United States.</p> <hr class="wp-block-separator has-alpha-channel-opacity"/> <h2 id="h-state-innovations-in-employee-ownership" class="wp-block-heading has-h4-variant">State Innovations in Employee Ownership</h2> <figure class="wp-block-image size-full"><a href="https://www.aspeninstitute.org/videos/state-innovations-in-employee-ownership/"><img loading="lazy" decoding="async" width="1280" height="720" style="object-position:50% 50%" src="https://www.aspeninstitute.org/wp-content/uploads/2026/10/STATE-INNOVATIONS-IN-EMPLOYEE-OWNERSHIP.png" alt="" class="wp-image-322672" srcset="https://www.aspeninstitute.org/wp-content/uploads/2026/10/STATE-INNOVATIONS-IN-EMPLOYEE-OWNERSHIP.png 1280w, https://www.aspeninstitute.org/wp-content/uploads/2026/10/STATE-INNOVATIONS-IN-EMPLOYEE-OWNERSHIP-800x450.png 800w, https://www.aspeninstitute.org/wp-content/uploads/2026/10/STATE-INNOVATIONS-IN-EMPLOYEE-OWNERSHIP-768x432.png 768w, https://www.aspeninstitute.org/wp-content/uploads/2026/10/STATE-INNOVATIONS-IN-EMPLOYEE-OWNERSHIP-1200x675.png 1200w, https://www.aspeninstitute.org/wp-content/uploads/2026/10/STATE-INNOVATIONS-IN-EMPLOYEE-OWNERSHIP-1024x576.png 1024w, https://www.aspeninstitute.org/wp-content/uploads/2026/10/STATE-INNOVATIONS-IN-EMPLOYEE-OWNERSHIP-300x169.png 300w" sizes="auto, (max-width: 1280px) 100vw, 1280px" /></a></figure> <p class="wp-block-paragraph"><br>This session from the <a href="https://www.aspeninstitute.org/events/employee-ownership-ideas-forum-2026/">2026 Employee Ownership Ideas Forum</a> highlights some of the newest and most promising state-level innovations, the leaders driving them, and what other states and federal policymakers can learn from what’s emerging. Hilary Abell, chief of the employee ownership division at the US Department of Labor, maps the national landscape of state programs; Iowa state Representative Shannon Lundgren discusses how Iowa has funded feasibility studies since 2011 and why new employee-owners need to understand what ownership means; and New Jersey state Senator Andrew Zwicker explains how a proposed revolving loan fund could finance ownership transitions when state budgets are tight. <a href="https://www.aspeninstitute.org/videos/state-innovations-in-employee-ownership/">Watch the session here.</a> </p> <hr class="wp-block-separator has-alpha-channel-opacity"/> <h3 id="h-check-out-the-highlights" class="wp-block-heading has-h4-variant">Check out the highlights</h3> <figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"><div class="wp-block-embed__wrapper"> <iframe loading="lazy" title="Building Iowa&amp;apos;s ESOP Infrastructure &amp; Closing the Education Gap – Shannon Lundgren" width="500" height="281" src="https://www.youtube.com/embed/tHEaR1wTucA?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe> </div></figure> <figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"><div class="wp-block-embed__wrapper"> <iframe loading="lazy" title="Financing Employee Ownership Through a Revolving Loan Fund – Andrew Zwicker" width="500" height="281" src="https://www.youtube.com/embed/TSmJVkXdfE8?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe> </div></figure> <figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"><div class="wp-block-embed__wrapper"> <iframe loading="lazy" title="Mapping the State Employee Ownership Landscape – Hilary Abell" width="500" height="281" src="https://www.youtube.com/embed/Ubjn0hHP3go?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe> </div></figure> <hr class="wp-block-separator has-alpha-channel-opacity"/> <h4 id="h-related-videos" class="wp-block-heading">Related Videos </h4> <p class="wp-block-paragraph"><a href="https://www.youtube.com/watch?v=ftQT3wmFBto" target="_blank" rel="noopener">The American Dream needs more owners | Tammy Miller | TEDxFargo</a></p> <hr class="wp-block-separator has-alpha-channel-opacity"/> <h2 id="h-related-resources-nbsp" class="wp-block-heading has-h4-variant">Related Resources&nbsp;</h2> <ul class="wp-block-list"> <li class=""><a href="https://www.aspeninstitute.org/publications/employee-ownership-for-state-and-local-governments/" target="_blank" rel="noopener">Employee Ownership: An Economic and Workforce Development Strategy for State and Local Governments</a></li> <li class=""><a href="https://www.lafayettesquareinstitute.org/research/employee-ownership/economic-development/" target="_blank" rel="noopener">Employee Ownership as Economic Development | LSI Research</a></li> <li class=""><a href="https://www.eoxnetwork.org/statecenters" target="_blank" rel="noopener">Employee Ownership Resources | EOX</a></li> <li class=""><a href="https://www.dol.gov/agencies/ebsa/about-ebsa/our-activities/programs-and-initiatives/employee-ownership-initiative/tools-and-resources/employee-ownership-states" target="_blank" rel="noopener">Employee Ownership Initiative &#8211; Employee Ownership in the States | U.S. Department of Labor</a>  </li> <li class=""><a href="https://www.aspeninstitute.org/publications/boots-on-the-ground-a-profile-of-the-vermont-employee-ownership-center/" target="_blank" rel="noopener">Boots on the Ground: A Profile of the Vermont Employee Ownership Center</a></li> </ul> </div> <hr class="wp-block-separator alignwide has-alpha-channel-opacity"/> <div class="wp-block-group alignfull is-layout-constrained wp-block-group-is-layout-constrained" style="padding-top:var(--wp--preset--spacing--medium);padding-bottom:var(--wp--preset--spacing--medium)"> <h2 class="wp-block-heading has-h4-variant" id="h-about-the-employee-ownership-ideas-forum">About the Employee Ownership Ideas Forum</h2> <p class="wp-block-paragraph">The <a href="https://www.aspeninstitute.org/series/employee-ownership-ideas-forum/">Employee Ownership Ideas Forum</a> brings together leading policymakers, practitioners, experts, and the media for a robust discussion on how we can grow employee ownership for the shared benefit of American workers and businesses. It is hosted by the Aspen Institute <a href="https://www.aspeninstitute.org/programs/economic-opportunities-program/">Economic Opportunities Program</a> and <a href="https://smlr.rutgers.edu/faculty-research-engagement/institute-study-employee-ownership-and-profit-sharing">Rutgers Institute for the Study of Employee Ownership and Profit Sharing</a>.</p> </div> <div class="wp-block-group alignfull has-primary-wash-background-color has-background is-layout-constrained wp-block-group-is-layout-constrained" style="padding-top:var(--wp--preset--spacing--medium);padding-bottom:var(--wp--preset--spacing--medium)"> <h2 class="wp-block-heading has-h4-variant" id="h-about-the-rutgers-institute-for-the-study-of-employee-ownership-and-profit-sharing">About the Rutgers Institute for the Study of Employee Ownership and Profit Sharing</h2> <p class="wp-block-paragraph">The purpose of the <a href="https://smlr.rutgers.edu/faculty-research-engagement/institute-study-employee-ownership-and-profit-sharing">Institute for the Study of Employee Ownership and Profit Sharing</a> is to study the various models that have emerged and will emerge of employee ownership shares and profit shares in the corporation and society of the United States and around the world.</p> </div> <div class="wp-block-group alignfull has-primary-light-background-color has-background is-layout-constrained wp-block-group-is-layout-constrained" style="margin-top:0;margin-bottom:0;padding-top:var(--wp--preset--spacing--medium);padding-bottom:var(--wp--preset--spacing--medium)"> <h2 class="wp-block-heading has-h4-variant" id="h-about-the-economic-opportunities-program">About the Economic Opportunities Program</h2> <p class="wp-block-paragraph">The Aspen Institute <a href="https://www.aspeninstitute.org/programs/economic-opportunities-program/">Economic Opportunities Program</a> advances strategies, policies, and ideas to help low- and moderate-income people thrive in a changing economy.</p> </div> <div class="wp-block-group alignfull has-primary-background-color has-background is-layout-constrained wp-block-group-is-layout-constrained" style="padding-top:var(--wp--preset--spacing--medium);padding-bottom:var(--wp--preset--spacing--medium)"> <div class="wp-block-group alignwide is-layout-constrained wp-block-group-is-layout-constrained"> <h2 class="wp-block-heading has-text-align-left has-h4-variant" id="h-join-our-mailing-list">Join Our Mailing List</h2> <p class="wp-block-paragraph">To receive occasional emails about our work — including new publications, commentary, events, fellowships, and more — join our mailing list.</p> <div class="wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-00f60e24 wp-block-buttons-is-layout-flex"> <div class="wp-block-button"><a class="wp-block-button__link wp-element-button" 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href="https://www.aspeninstitute.org">Aspen Institute</a>.</p>