NCEO
ESOP Companies: Complete Our Repurchase Obligation Survey!
The NCEO’s 2023 ESOP Repurchase Obligation Survey is now live and accepting responses from ESOP companies.
Employee Ownership Blog
Timothy Garbinsky
The NC State Center Is Hiring an Executive Director
Across the U.S. there is a burgeoning and vibrant network of state centers for employee ownership that are working to get the word out about ESOPs, worker cooperatives, employee ownership trusts (EOTs), and other forms of broad-based ownership for businesses. Dating back to the 1980s with the founding of the Ohio Employee Ownership Center (OEOC), these efforts have gathered steam in recent years. The Employee Ownership Expansion Network (EOX) has been assisting in setting up and operating these centers throughout the nation, helping bring the employee ownership message to business owners, economic developers, educators, and communities.
Corey Rosen
Promising New Employee Ownership Bills at State Level
State legislation on employee ownership is gaining momentum, with bills passed in Colorado during 2021 and in Massachusetts and California during 2022. Two new bills have attracted important support in Washington and Tennessee, and bills will be introduced soon in Texas, Minnesota, and Pennsylvania. The bills in Washington and Tennessee were introduced in the past week, as described below.
Jaymie Oviedo
The NCEO's 2023 Peer Networking Groups
The 2023 peer networking groups will start meeting soon!
Corey Rosen
Major Wins for Employee Ownership in New Spending Bill
The Consolidated Appropriations Act of 2023, an omnibus spending bill with many parts that was signed into law on December 29, contains major wins for employee ownership as part of the SECURE 2.0 Act of 2022. (The original SECURE [Setting Every Community Up for Retirement Enhancement] Act of 2019 was signed into law in December 2019 and modified various retirement plan rules, such as changing the age for required minimum distributions from 70½ to 72.) Section references here are to the SECURE 2.0 Act, not the appropriations bill as a whole, which contains many laws (e.g., there are multiple “sec. 114” instances, and one of them is in the SECURE 2.0 Act, amending Section 1042).
Corey Rosen
A Christmas Carol, the ESOP Version
Lots of us love Dickens’s A Christmas Carol. The tale of Ebenezer Scrooge’s dream-tormented epiphany about what really matters in life has resonated deeply with people of all ages ever since it was published.
Loren Rodgers
Two Coops Leave the Mondragon Corporation
The Mondragon Corporation of Spain’s Basque region, an integrated network of more than 90 employee-owned companies plus many worker cooperatives, is the best-known example of worker cooperatives in the world. On December 15, the worker-owners of two of its largest member cooperatives voted to separate from the network, as reported in several articles, such as this one in El Pais.
Corey Rosen
Rosen-Case Ownership Book Wins Book Prize
Ownership: Reinventing Capitalism, Companies, and Who Owns What won the 2023 William Foote Whyte and Kathleen King Whyte Book Prize for the best book of the year on shared capitalism. The award is issued by the Institute for the Study of Employee Ownership at the Rutgers University School of Management and Labor Relations.
Loren Rodgers
The NCEO Is Hiring a Director of Education
Join our growing team!