Founding Gravity Payments at just 19 years old, Price’s mission was, and is, to help hard-working, small business owners stay competitive against larger corporations by making credit card processing transparent, fair, and easy. Today, nearly 20,000 independent businesses across all 50 states trust Gravity as their processor.
In 2015, Price captured national attention when he decided to raise the company’s minimum salary to $70,000 a year. Although he has been criticized for what some consider radical policies on pay and equality, Price believes businesses have enormous power to promote social good, regardless of what industry they are in, by serving communities instead of shareholders and putting people over profits.
Price lives in Seattle, Washington, and is the author of, “Worth It: How a Million-Dollar Pay Cut and a $70,000 Minimum Wage Revealed a Better Way of Doing Business”, published in 2020.
Join us to hear Price tell the story of Gravity Payments and how the shift to a minimum wage of $70,000 impacted the company. He will also discuss flexibility during COVID-19 and what the future looks like.
Zoom Link: Local Entrepreneur Series Welcomes Dan Price