Pennsylvania Center for Employee Ownership: Annual Meeting

Thirty-six people from 28 companies attended the annual meeting of the Pennsylvania Center for Employee Ownership (PaCEO) on February 27 and 28 in Harrisburg, Pennsylvania. The meeting covered some of the PaCEO's accomplishments over the past year, such as:

• Draft legislation in the Pennsylvania House of Representatives to allow for the Section 1042 election at the state level for Pennsylvania companies
• The first PaCEO Industry Survey, which gave an analysis of the business conditions for employee ownership in Pennsylvania
• Delivering the first course in the Pennsylvania Community College network
• Over 30 requests for referrals from companies interested in investigating an ESOP since May 2016
• Over 60 volunteers

Executive Director Kevin McPhillips suggested that the PaCEO is chasing a tipping point. That tipping point will come when we effectively introduce the terms "employee ownership" and "ESOP" into the common language, much as we have with "401(k)." View the latest news about the PaCEO on its website, or contact Kevin directly at [email protected].