Detroit Nonprofit Explores Employee Ownership

The ten-person nonprofit organization Data Driven Detroit is becoming an employee-owned company, according to an article in Crain's Business Detroit. It is converting to a Low-profit, Limited Liability Company (L3C), a status that allows it to become employee-owned and still receive funding from foundations. Executive Director Erica Raleigh expects employee ownership to reduce turnover, noting that when an employee is an owner, "You think about it as an owner and a steward of a community resource. You're not just an employee."