The Pennsylvania Employee Ownership Industry Survey

At its annual meeting in Harrisburg, PA, on February 28, the executive director of the Pennsylvania Center for Employee Ownership (PaCEO) released its survey of professionals in the employee ownership field. The survey found:

• 80% of respondents said their business grew "as a result of new ESOPs" in 2016.
• 86% were optimistic about their business prospects for 2017, 14% were neutral, and none was pessimistic.
• The top four reasons the respondents' clients are interested in employee ownership are succession planning, legacy, employee considerations, and tax benefits.

For more about the survey or the PaCEO, contact executive director Kevin McPhillips at [email protected].