Corey Rosen
Grand Rapids, MI, has become the first city to provide purchasing preferences for employee-owned businesses (PDF). Businesses can be employee-owned through an ESOP, an employee ownership trust, or a worker cooperative and must be certified by a recognized third party, such as Certified Employee-Owned or the NCEO.
Corey Rosen
Two new proposals to promote employee ownership have been introduced in Congress, the National Worker Cooperative Development and Support Act and the Empowering Small-Business Ownership Participation (ESOP) Act.
Jaymie Oviedo
Considering an employee stock ownership plan (ESOP) for your company? Join us February 2–3 in Fort Lauderdale for an intensive two-day event designed to help business owners explore whether an ESOP is the right succession planning strategy for their organization.
Jaymie Oviedo
The employee ownership community is about to experience something transformative. This February 2–3 in Fort Lauderdale, the NCEO is launching its first-ever Women's Summit—a groundbreaking event designed specifically for women navigating and leading in the employee ownership space.
Corey Rosen
The UK's Budget 2025 states that the government will introduce legislation in Finance Bill 2025-26 to change the current 100% tax break on the sale of a closely held company to an employee ownership trust (EOT) from a 100% exemption to a 50% exemption.
Corey Rosen
The vast majority of US companies owned broadly by employees have an ESOP. We recently released our yearly update to the Employee Ownership 100, the 100 largest companies owned by an ESOP or a worker cooperative. By the nature of these plans, most or usually all employees meeting a basic service requirement can become owners.
Corey Rosen
A new survey of more than 3,000 people by MarketBeat listed 9 employee-owned companies on its list of the 118 most ethical companies in the US. The survey asked people to name the companies that most closely align with their personal and moral values. All but two of the employee-owned companies on the list (H-E-B and Wawa) are majority employee-owned, and all but two (H-E-B and Edward Jones) are employee-owned through ESOPs.
Liza Shifrin
The 2025 ESOP Executive and Board Compensation Survey report is now available. Thank you to all of the survey respondents for making this survey possible. All respondents received the full report as a thank you.
Corey Rosen
The House Committee on Small Business unanimously passed H.R. 5778, the “Improving SBA Engagement on Employee Ownership Act,” which would expand the Small Business Administration's (SBA) outreach program on employee ownership under the Main Street Employee Ownership Act (MSEOA). That bill directed the SBA to conduct an outreach program through its Small Business Development Centers to “establish an employee-owned business promotion program to provide assistance on structure, business succession, and planning." It also directed the SBA to work with other agencies to implement the program. In 2021, the committee found that this was not happening and directed the SBA to “fully implement these requirements."
