Employee Ownership Blog

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.

The House Appropriations Committee urged the SBA to fully implement the Main Street Employee Ownership Act (MSEOA), which was passed in 2018 but has seen only limited use because the SBA issued standard operating procedures that directly undermine the intent of the Act.

At an NCEO Innovative Communication Coalition network meeting on July 18, communication team leaders from a number of NCEO member companies discussed how they use skill assessments.

Massachusetts House Bill 5007, “An Act relating to economic growth and relief for the Commonwealth,” has passed the Massachusetts House without dissent.

Is employee assessment different in employee-owned companies than in traditional businesses?

Our ESOP Executive Compensation Survey is now collecting responses. Learn more and take the survey here.

The NCEO announces our senior director of events, Jaymie Oviedo,

It’s a uniquely exciting time to be in the employee ownership space.

The Institute for the Study of Employee Ownership and Profit Sharing at Rutgers University announced the latest scholars awarded fellowships to study employee ownership and related topics for the coming academic year.

The OWN Health captive members recently came together for their first annual member meeting in Denver, CO, to discuss captive growth, stability, and performance. The common theme was the importance of connection—from connecting with fellow OWN members and leveraging peer group support to connecting with fellow ESOP companies to share how an ESOP captive could benefit their company.