Employee Ownership Blog

Corey Rosen

Employee Ownership Efforts Move Forward in NJ, MO

New Jersey Governor Proposes Funding for Conversion to Employee Ownership

New Jersey governor Phil Murphy’s proposed 2024 budget includes $6 million in funding for conversions to ESOPs, worker cooperatives, or employee ownership trusts. The proposal came out of a Wealth Disparity Task Force created in 2021. Modeled after a law in Colorado, the funding program would provide partial support for feasibility and other transaction costs. The proposal will have to receive authorization from the New Jersey legislature. Details on the funding are not yet available but should be when the governor delivers his budget address on March 7.

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Loren Rodgers

Announcing the 2023 NCEO Board of Directors

The NCEO is delighted to announce six new members of its board of directors: Lori Atone, Jennifer Briggs, Haydee Caldero, Timothy Garbinsky, Susan Kildahl, and Dan Markowitz -- their bios are below. The three-year terms of the new directors will begin on April 1, 2023. Congratulations and thanks to our new directors!

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Grace Dawson

NCEO Debuts New Recruitment and Retention Toolkit

We’re thrilled to announce that our new Recruitment and Retention toolkit is now live! The current labor market can be an interesting place to navigate these days, but this new addition to our member resources can help you use the advantage of being an ESOP to attract the talent you’re looking for. The Recruitment and Retention toolkit joins our ESOP Finance toolkit and Board Excellence toolkit in helping your ESOP thrive.

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Madelyn Hammack

Rutgers Launches Free Online Course on Employee Ownership

Last week, The Rutgers Institute for the Study of Employee Ownership and Profit Sharing announced the launch of its first massive open online course (MOOC), titled "Our Share: Employee Ownership as a Wealth Sharing Tool." The free Coursera course, which is delivered as a series of short, engaging videos that can be viewed at one's own pace, teaches viewers what employee ownership is, how it differs from traditional business ownership models, the forms it can take, and the benefits it can provide for employees, retiring business owners, and the economy.

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Timothy Garbinsky

The NC State Center Is Hiring an Executive Director

Across the U.S. there is a burgeoning and vibrant network of state centers for employee ownership that are working to get the word out about ESOPs, worker cooperatives, employee ownership trusts (EOTs), and other forms of broad-based ownership for businesses. Dating back to the 1980s with the founding of the Ohio Employee Ownership Center (OEOC), these efforts have gathered steam in recent years. The Employee Ownership Expansion Network (EOX) has been assisting in setting up and operating these centers throughout the nation, helping bring the employee ownership message to business owners, economic developers, educators, and communities.

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Corey Rosen

Promising New Employee Ownership Bills at State Level

State legislation on employee ownership is gaining momentum, with bills passed in Colorado during 2021 and in Massachusetts and California during 2022. Two new bills have attracted important support in Washington and Tennessee, and bills will be introduced soon in Texas, Minnesota, and Pennsylvania. The bills in Washington and Tennessee were introduced in the past week, as described below.

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