Employee Ownership Blog

Working on Employee Ownership Month for your company? Take a look at four creative ideas from people at ESOP companies who have been working hard on their own plans for October.

Business bankers see companies of different sizes, ages, industries, and they may think there are no surprises left… until they see what an ESOP does to a company’s financials.

The NCEO now has comprehensive guides to active and pending state and federal legislation on our website.

The NCEO’s 2022 ESOP Executive Compensation Survey report is now available. The report draws on data from 380 ESOP companies surveyed online in June-August 2022, collecting detailed information on base pay, cash incentives, stock-based compensation, and retirement contributions for eight common executive positions at ESOP companies. .

We have released the 2022 update to the Employee Ownership 100, the 100 largest companies that are majority-owned by their employees. Many are 100% employee-owned.

At the National Employee-Owner Summit, we spent time with an amazing and diverse group of employee-owners from around the country. Here are three things we learned: (1) getting back together in person was powerful; (2) sharing challenges, not just successes, is valuable; and (3) diversity is one of our superpowers.

Launched in October 2021 (timed to coincide with Employee Ownership Month!), EO Equals is a research-backed national media campaign designed to expand the employee ownership movement. 

Newly updated state-by-state ESOP slides are now published in our members-only area, along with new industry-specific slides. These downloadable PowerPoint presentations are a member benefit breaking down the ESOP community in each state and industry.

By unanimous votes, both houses of the California legislature have passed the California Employee Ownership Act. A broader version of the bill previously passed the Senate.

Senators Gary Peters (D-MI) and Joni Ernst (R-IA) have introduced S. 4623, the AGILE Procurement Act of 2022, which includes a provision to extend the pilot program established in the National Defense Authorization Act that allows 100% ESOP-owned companies to qualify for sole-source follow-on contracting with the Department of Defense.  

Congress has passed HR 4346, the CHIPS Act (previously called the America Competes Act), which now heads to the President for signature. The bipartisan bill is primarily designed to make it easier for American chip and other technology manufacturers to compete worldwide, but it also contains a pilot provision (Section 25B) that directs Manufacturing Extension Programs (MEPs) to provide awards for a variety of worker education and training programs, including employee ownership.

Robust and cohesive corporate governance is key to ensure that companies function effectively.