Corey Rosen
Tennessee to Help Fund the Costs of ESOP Feasibility Studies
The Tennessee Center for Employee Ownership (TNCEO) announced the creation of the Tennessee Employee Ownership Business Assistance Program. Funded by a $500,000 grant from the Tennessee Department of Economic and Community Development (TNECD), the program will provide technical assistance funding to eligible Tennessee businesses over the next three years. Eligible businesses may be reimbursed 50% of the cost of an ESOP feasibility study and transaction costs, up to $25,000 per business.
