Shared Success: Scaling Financial Intermediary Strategies To Advance Job Quality, Equity, and Small Business Prosperity
From stagnant wages to low access to benefits, poor job quality affects millions of workers in the US and disproportionately impacts BIPOC workers — especially those employed at small- and medium-sized businesses. To improve job quality for these workers, while simultaneously helping owners strengthen their businesses, the Aspen Institute Economic Opportunities Program has launched the Shared Success project. Supported by a $15 million, 4-year investment from the Gates Foundation to advance job quality in small businesses with a particular focus on BIPOC workers, the project will foster new norms and narratives among small businesses, financial intermediaries that support them, and institutions positioned to drive structural changes for a more just and equitable economy. The ten community development financial institutions selected for this project will offer advisory services to improve dimensions of job quality for small business clients.
