New York has traditionally been a state where it is difficult to operate as a majority ESOP-owned engineering, architectural, landscape architectural, or land survey firm.
The Office of the New York State Comptroller recently released a report “Employee Ownership of Businesses in New York State” outlining the most common forms of employee ownership, t
Ken Baker, the CEO of Southampton, PA-based NewAge Industries, has donated $3 million to Montgomery County Community College to start the Baker Center of Excellence for Employee Ownership and Business Transformation.
A new bill in the North Carolina Senate would allow ESOP companies to qualify for state contracting preferences based on ownership by historically disadvantaged groups.
The North Carolina legislature has passed and the governor has signed S. 802, an infrastructure finance bill that also includes an unrelated provision allowing ESOPs in which at least 51% of the participants are “minority persons or socially and economically disadvantaged individuals” to qualify for the state’s historically underutilized business set-aside program.
New York Assembly bills A1920 and S962 would create a state employee ownership center to be housed at a university to provide outreach, education, and training on employee ownership, incl
It can often seem that rules for ESOPs are arbitrary. Understanding the basic concept behind how ESOPs are used to buy all or part of a company from a departing owner can help explain how they got that way.
