Corey Rosen
New Study Shows ESOP Companies Have Lower Turnover Rates
Study also finds that companies emphasize ownership culture is the best tool for retention and recruitment.
Employee Ownership Blog
Corey Rosen
New Survey Finds Strong Consumer Support for Employee Ownership
Voya Financial, a leading retirement, employee benefits, and investment management company, reports in a new survey that 70% of consumers “would more likely support a business that enables employee ownership." Eighty-six percent say it’s important that profits from local businesses stay in the community.
Francesca Santos
How Are ESOP Companies Recruiting and Retaining Employees?
Every few years, a new phrase is invented to explain why work isn't working.
Corey Rosen
NJ Legislature Passes Major Employee Ownership Bill
New Jersey bill A5016/S4218, which would establish a program in the state Economic Development Administration to “encourage employee ownership awareness and provide funding and advisory support,” has now passed both chambers of the state legislature. The bill makes permanent a program created under former Governor Phil Murphy in 2024 to provide technical assistance and outreach and to help defray the costs of feasibility studies for companies considering employee ownership transitions. The current governor, Mikie Sherrill, is expected to sign the bill.
NCEO Events & Webinars
What Boards and Leaders of Mature ESOPs Need to Plan for Next
For many ESOP companies, the early years are defined by a familiar set of priorities: paying down debt, building employee communication, and getting comfortable with plan administration. But what happens after clearing those hurdles? In a recent NCEO webinar, Kyle Wishing of PCE Investment Bankers walked through the challenges and opportunities that emerge once an ESOP has reached maturity (generally understood as being 10 or more years in) with selling shareholders paid in full and a second generation of leadership taking the helm.
Andrea DiMatteo
NCEO Workshop Reflections: Building Ownership Leaders
This past week, I had the privilege of being onsite for the NCEO’s New Manager Workshop in Denver, CO, and I'm still thinking about it. There's something unique that happens when you get 67 managers from employee-owned companies across the country in one room—the energy shifts from "let's get through this agenda" to "wait, can we keep talking about this?"
Ramona Rodriguez-Brooks
Beyster Initiatives Continue UCSD's EO Education
As a proud UC San Diego alumna, I’m excited that NCEO is partnering with Beyster Initiatives at the Rady School of Management to conduct three separate courses for ESOP company leaders and professional advisors. UC San Diego, known equally for its academic rigor as its beautiful coastal campus, is an excellent fit for education in our employee ownership community.
Corey Rosen
RI Senate Unanimously Passes Bill to Create State Employee Ownership Center
The Rhode Island Senate unanimously passed S. 2922, which would create the Rhode Island Center for Employee Ownership (RICEO). According to the bill text, “the purpose of the RICEO will be to secure resources, provide technical assistance, and serve generally as a concierge service both to legacy business owners and worker owners interested in transitioning a small business to an appropriate employee-owned business model.” Worker cooperatives, ESOPs, and companies where a majority of the stock is owned by an employee ownership trust are all explicitly mentioned as examples of employee ownership, but the RICEO could provide assistance for other models.
Maria Lianos
Is an ESOP Right for You? A Look Back at What Happened in Columbus
.png?width=375&height=92&name=ESOP_Color_PrimaryLogo%20(2).png)
If one question can anchor a whole room for a 1.5-day workshop, it must be a pretty complex question.