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In testimony on March 26, Secretary of Labor Thomas Perez addressed the House Education and Labor Committee and said that he and the Department of Labor are "huge fans of ESOPs," and that they are "remarkably successful in empowering workers to have ownership." Rep.

H.R. 4171, "An Act Relating to the State Designation of Employee Owned Corporations," has been introduced by Texas State Representative Ryan Guillen. It would allow ESOP companies in Texas to be recognized as Historically Underutilized Businesses.

Bills in each house of the Texas legislature would provide the most comprehensive state effort yet on employee ownership.

H.B. 1198 passed a committee vote in the Texas House of Representatives by 12-0. The critical step now is to get it to a vote because the session ends in one month. The bill would:

The Texas House of Representatives has passed HB 2389, “An Act relating to companies in which employees have ownership interests through employee stock ownership plans.” It will now head to the Senate, where, as SB 1233,

The NCEO's executive director thanks all who stood by the NCEO and supported us as we cancelled our in-person annual conference and moved to a virtual conference.

Greg Graves, the CEO of ESOP-owned Burns and McDonnell, wrote an opinion piece in Fox News about why he is thankful to be working in an employee-owned

The NCEO welcomes four new directors to our board. Elizabeth Bauer, Barbara Clough, Amanda DeVito, and Veronica Ortiz all have terms that begin today. In addition, James Mauch and Neil Brozen are both returning for second terms. See the list of directors.

As we reported on social media and on our employee ownership and current events page, the omnibus appropriations bill for fiscal year 2018, released on March 21, includes language directing the Small Business Administration to increase its efforts to encourage e

Every year the NCEO releases the Employee Ownership 100, the 100 largest companies that are majority-owned by their employees.