Employee Ownership Blog

Dallan Guzinski

June 14, 2022

Join the NCEO's Crash Course and Get a Head Start on Networking for Our 2022 Fall Forum!

The NCEO's 2022 Fall ESOP Forum is back in person this year, taking place in St. Louis, MO, on September 26-28. We are once again excited to bring everything we have learned over the past few years in the virtual space and continue to build on all the great work employee-owners have done to stay connected and engaged. If you and your colleagues would like to get a head start on networking and ESOP education before the Fall Forum, join the NCEO's Communications Committee Crash Course this summer, where you will join a series of sessions focused on ESOP education, employee engagement, and networking with fellow employee-owners across the country!

Corey Rosen

June 06, 2022

Update: New York Passes Bill to Allow Engineering, Architecture, and Land Survey Firms to Be Majority ESOP-Owned

Following a 63-0 vote in the New York Senate, the New York State Assembly passed S. 5261 with a 146-1 vote. The bill would allow majority-owned ESOPs to qualify under New York corporate practice rules for engineering, architectural, landscape architectural, or land survey firms if 75% or more of the company’s voting trustees or ESOP plan committee (often the board of directors) are members of the profession. The bill now heads to the Governor’s desk for signature.

Corey Rosen

June 01, 2022

Update: California Employee Ownership Bill Passes Senate Unanimously

Bill now moves to Assembly

California Senate Bill 1407, the Expanding Employee Ownership Act, has passed without dissent in the California Senate. As discussed in a previous post, this bill, if it becomes law, would be the most significant step forward by a state yet in promoting employee ownership. Introduced by Senator Josh Becker, the bill would provide outreach funding, access to transaction financing, and financial support for technical assistance for conversions to employee ownership. While the bill appears to have no opposition and has been endorsed by a wide variety of groups, letters to Assembly members in support of the bill would help move it forward. California legislation often serves as a model for other states, so its impact could well go beyond the state.

Chris Cooper, Michael Palmieri

May 31, 2022

Creating ESOP Champions Throughout Your Company

As trainers and educators, we at the OEOC spend a fair amount of time working with companies as we all try to unlock the secrets of building the ideal ownership culture. There is no magic elixir that, by just adding water, will build that ideal culture for you. But there are some best practices that can help, many of which we will cover at the upcoming OEOC/NCEO National Employee Owner Summit in Chicago on August 25–26, 2022.

Timothy Garbinsky

May 31, 2022

Reflections on Our 2022 Annual Conference: By the Numbers

Now that a month has passed since our annual conference in Seattle this past April, my colleagues and I have a renewed gratitude for just what it means to host these events. As you likely know, this past April saw us reunited with our members and the employee ownership community in Seattle for our first in-person conference since April 2019.

Corey Rosen

May 31, 2022

Bipartisan Senate Draft of New Bill Moves WORK Act Closer to Passage

The bill would create a major federal program to provide funding and support for state-level outreach and technical assistance for employee ownership

Nancy Wiefek

May 20, 2022

New NCEO Research Shows the Benefits of Being an ESOP in the Food Industry

The NCEO just completed a large grant-funded project examining whether and how employee ownership affected companies and employees in the U.S. food system during the COVID-19 pandemic. This project involved commissioning a national polling firm to collect original survey data from executives at ESOP and non-ESOP-owned companies. It speaks to important issues of workforce retention, business competitiveness, and the retirement security crisis. Namely:

Corey Rosen

May 16, 2022

EY Study Shows ESOP Participants Fare Much Better

A new study, “Contribution of S ESOPs to Participants’ Retirement Security and Employee-Owner Benefits,” prepared for the Employee-Owned S Corporations of America (ESCA) by EY (formerly Ernst & Young), finds that:

Corey Rosen

May 16, 2022

Kaiser Permanente to Encourage Vendors to Become Employee-Owned

Kaiser Permanente, one of the nation’s largest HMOs, announced that it will be encouraging its 37,000 vendors to become employee-owned. The organization said that its “Business Resiliency through Employee Ownership” program “aims to educate the health system's suppliers about employee ownership and support those firms in transitioning to such a model, in which the majority of a company's shares are owned by employees.”

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