April 1, 2019

Colorado State Government Creates Employee Ownership Commission

Executive Director

A March 22 article in the Denver Post noted that Colorado Governor Jared Polis (D) is working to promote employee ownership in Colorado. He is creating an Employee Ownership Commission that will be housed within the Office of Economic Development and International Trade (OEDIT) and will be responsible for advancing employee ownership statewide. It will be responsible for helping develop a strategic plan, which may include additional legislative recommendations. The Rocky Mountain Employee Ownership Center will be a part of the state commission. OEDIT will have two employees whose main responsibilities will include employee ownership.

John Kovacs, program analyst for the state's Employee Ownership Commission, told the Denver Post, "we are looking to make Colorado the Delaware of employee ownership."

Two years ago the state legislature approved a fund that can provide loans up to $10,000 to companies to help cover the cost of accounting and legal services involved with forming an ESOP or a worker cooperative.