North Carolina Law Is First in U.S. Qualifying ESOPs for Historically Disadvantaged Contracting Preferences

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.

Now Accepting Nominations for the NCEO's Board of Directors

Annual elections for the board of directors of the National Center for Employee Ownership (NCEO) will take place in January, and members in good standing are invited to nominate themselves or other members during the nomination window, from now until December 9.

Now Accepting Nominations for the NCEO's Board of Directors

Annual elections for the board of directors of the National Center for Employee Ownership (NCEO) will take place in January, and members in good standing are invited to nominate themselves or other members during the nomination window, from now until December 8.

Now Accepting Nominations for the NCEO's Board of Directors

Annual elections for the board of directors of the National Center for Employee Ownership (NCEO) will take place in January, and members in good standing are invited to nominate themselves or other members during the nomination window, from now until December 9.

Obama Budget Tax Proposals Could Help ESOP Formation

President Obama's budget proposal would reinstate capital gains rates at 20% in 2011, up from 15% currently. The proposal would only affect individuals with $200,000 in income or families with $250,000.

Obama Says Employee Ownership Should Be Encouraged

On September 28, NCEO board member Tom Roback had the opportunity to meet President Obama at one of his conversations with small groups of local people around the country. As it turned out, one of these was at Tom's sister's house in Richmond, Virginia. Tom asked the president about ESOPs.