Loren Rodgers
Since the Main Street Employee Ownership Act (MSEOA) was signed into law in August 2018, the NCEO and others in the field have questioned whether its implementation matched Congress's intent to promote employee ownership. See, for example, our blog post Proposed SBA Regulations Appear to Weaken the Impact of the Main Street Employee Ownership Act.
NCEO
Every year, my colleagues and I at Chartwell look forward to the NCEO's events, and this year's Fall ESOP Forum is no different. We couldn't be more excited to finally reconnect with all of our ESOP friends at this year's Forum.
Timothy Garbinsky
One of my favorite things about the employee ownership world is that it's always growing and moving. In addition to being a net positive for workers, businesses, and the economy in general, EO is also an exciting environment to work in, with lots of opportunities to get involved. And these opportunities aren't rigid or cookie-cutter—you can work at a national organization or local one, you can get involved in policy and advocacy, or you can work directly with companies. Whether you work full- or part-time or are a volunteer, the sphere around employee ownership is as flexible as employee ownership itself is for owners and companies.
Loren Rodgers
On June 24, 2021, Meld Studios announced that it was transitioning ownership from its three founders to an employee ownership trust (EOT) that owns shares on behalf of all 22 Meld employees.
Timothy Garbinsky
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ESOPs at their best do a lot more than provide working people with livable retirement income. Sure, this is perhaps the most important or compelling aspect of ESOPs, and one needn't look far to see reasons why this sort of wealth inequality solution is so vital in 2021.
Dallan Guzinski
A long-term employee-owner at Web Industries with 20-plus years at the company once told an audience of NCEO conference-goers in Minneapolis that communication and learning at an ESOP company never really ends. He said that even thinking there is a finish line when it comes to improving your efforts on education might just mean that there is still a whole lot more to learn...
Timothy Garbinsky
Our friends across the pond have just celebrated their own employee ownership day (EO Day 2021), releasing some very promising facts and figures along with it to highlight the state of employee ownership in the UK.
Corey Rosen
Colorado has become the first state to pass a law that helps cover some of the costs to convert to employee ownership. On June 23, Governor Polis signed into law H.B. 21-1311, a bill that makes sweeping changes to Colorado tax law, notably a provision to provide $10 million annually in tax credits over the next six years to fund the professional service costs of conversions to employee ownership. The funds could be used to convert to an ESOP, an employee ownership trust, or a worker cooperative. ESOPs can qualify for a credit equal to 50% of the conversion costs up to $50,000; cooperative and employee ownership trusts can get up to $25,000 (see page 21 of the bill).
Nancy Wiefek
A new study conducted by John Zogby Strategies on behalf of Employee-Owned S Corporations of America (ESCA), Employee Financial Health and Sentiments Amid the Pandemic, summarized in this press release, provides evidence that employees in S corporation ESOPs suffered fewer financial setbacks compared to a sample of employees at companies without ESOPs.
