Corey Rosen
Huawei Technologies is the largest telecommunications equipment manufacturer in the world and the second-largest manufacturer of smartphones. It has close to 200,000 employees worldwide, mostly in China. It also claims to be employee-owned, which, if true, would make it the second-largest majority employee-owned company in the world, just after Publix in the US.
Corey Rosen
Updated November 2, 2020
Corey Rosen
Colorado has become the most recent state to create a state employee ownership center. Governor Jared Polis has created the Employee Ownership Office as a standalone center in the Colorado Office of Economic Development and International Trade (OEDIT). The office will have its own dedicated staff. It has $1.75 million in funding over the next two years.
Corey Rosen
In its 128-page report “Creating an Economic System That Works for All,” the American Sustainable Business Council (ASBC) urges a variety of steps to promote broad-based employee ownership.
Timothy Garbinsky
At this year's Fall ESOP Forum, we wanted to highlight the member companies that are going above and beyond the call of duty in making their ESOP, their employee-owners, and their communities thrive. For this reason, we awarded the first annual Achievement Award to NCEO member Litehouse, Inc.
Dallan Guzinski
Timothy Garbinsky
Our friends at Certified EO have launched a new tool to help consumers support employee-owned businesses. Shop EO is a search engine for employee-owned businesses that sell directly to consumers. So far, you can search by keyword, state, and industry category. The industry categories available to search include:
Corey Rosen
In June 2017, the NCEO created the Employee Ownership Index, an index of publicly traded companies that both had won major awards for high engagement management styles and had some form of broad-based employee ownership. The list was updated each year as some companies were added and some dropped off. Since that time, the Index outperformed the S&P 500 by about a 2 to 1 ratio. Until May of this year, the Index was housed at Motif Investments, an online platform that allowed users to develop funds that others could invest in. Motif was sold to Folio, and Folio does not allow that kind of investment. No other platform allows this, so the Index is not available as an investment.
Timothy Garbinsky
Today is the start of the America's Small Business Development Centers (ASBDC) annual conference, where employee ownership will be discussed not once, not twice, but thrice over the course of the event.
