Corey Rosen
New York City Launches Employee Ownership Outreach Program
On December 2, New York Mayor Bill de Blasio announced the city would start Employee Ownership NYC, an outreach program to encourage business owners to sell to their workers.
Employee Ownership Blog
Corey Rosen
Corey Rosen
Biden Names Key Pro-Employee Ownership Advisers
President-elect Joe Biden has named Jared Bernstein to the Council of Economic Advisers. Bernstein wrote a 2016 paper, Employee Ownership, ESOPs, Wealth, and Wages, for the Employee-Owned S Corporations of America (ESCA) on why employee ownership is important. Bernstein said that he did not support further tax incentives, but did support a federal outreach program on ESOPs and conditioning current corporate tax incentives on sharing ownership.
Corey Rosen
Huawei's Phantom Plan Provides Real Ownership for 90,000 Employees
Huawei Technologies is the largest telecommunications equipment manufacturer in the world and the second-largest manufacturer of smartphones. It has close to 200,000 employees worldwide, mostly in China. It also claims to be employee-owned, which, if true, would make it the second-largest majority employee-owned company in the world, just after Publix in the US.
Corey Rosen
S Corporation ESOP Bill Introduced in the House
Updated November 2, 2020
Corey Rosen
Colorado Creates Employee Ownership Center
Colorado has become the most recent state to create a state employee ownership center. Governor Jared Polis has created the Employee Ownership Office as a standalone center in the Colorado Office of Economic Development and International Trade (OEDIT). The office will have its own dedicated staff. It has $1.75 million in funding over the next two years.
Corey Rosen
ASBC Urges Broader Employee Ownership for Businesses
In its 128-page report “Creating an Economic System That Works for All,” the American Sustainable Business Council (ASBC) urges a variety of steps to promote broad-based employee ownership.
Corey Rosen
Employee Ownership Index Now Available at Infinite Equity
In June 2017, the NCEO created the Employee Ownership Index, an index of publicly traded companies that both had won major awards for high engagement management styles and had some form of broad-based employee ownership. The list was updated each year as some companies were added and some dropped off. Since that time, the Index outperformed the S&P 500 by about a 2 to 1 ratio. Until May of this year, the Index was housed at Motif Investments, an online platform that allowed users to develop funds that others could invest in. Motif was sold to Folio, and Folio does not allow that kind of investment. No other platform allows this, so the Index is not available as an investment.
Corey Rosen
New NCEO Webinars: Financial Wellness for ESOP Participants
Many ESOP companies provide financial wellness education for employees—and even more should. Employees really appreciate the help in learning how to think about wealth-building strategies for the long term, and especially how their ESOP accounts fit into that. But it can be hard to find the time and resources to put together a really effective package, so we have done it for you.
Corey Rosen
Lessons in Reinvention at the Fall Forum
Want to see reinvention at work? Watch this video from the Motz Corporation (parent company of two external brands: The Motz Group and USGreentech):