In 2018, the NCEO hosted a record-setting conference, expanded its outreach, and hired some new people. Our research includes new results on the impact of employee ownership on employee economic well-being, and specifically on distressed communities, as well as our ongoing research on investigations by the Department of Labor into ESOPs. Anchored by our annual conference and the Fall ESOP Forum, the NCEO's in-person and online events provided over 48,000 person-hours of education. With the support of our more than 3,300 members, the NCEO invested heavily in its future during 2018: members will be seeing the benefits of those investments throughout 2019. The 2018 annual report (PDF) is online.