Corey Rosen
Biden Appointee Proposes Office of Employee Ownership
In a new report, Why Aren’t There More ESOPs: Assessing Barriers to ESOP Creation, Jared Bernstein, one of the three people Joe Biden named to the Council of Economic Advisers, urges the new administration to “set up a government office, housed perhaps in the Small Business Administration (SBA) or the Commerce Department, that provides direct assistance to small businesses that want to set up ESOPs or other shared ownership plans.”