Texas Bill Would Make ESOPs Eligible to Be Designated as Historically Underutilized Businesses

H.R. 4171, "An Act Relating to the State Designation of Employee Owned Corporations," has been introduced by Texas State Representative Ryan Guillen. It would allow ESOP companies in Texas to be recognized as Historically Underutilized Businesses. The designation would add ESOP companies to other business categories qualifying for contracting preferences with the state. For more information, go to www.TexasESOP.org.