Employee Ownership Blog

California Republican Senator Scott Wilk has introduced SB-553, which would provide 100% ESOP-owned companies with a 3% bid preference on state contracts.

On April 2, the state of Massachusetts announced that it would restore funding for the Massachusetts Office of Employee Involvement and Ownership. The office will be staffed by two nonprofits, Working Wealth and the ICA Group.

In April, the IRS released an "issue snapshot" on how to prevent violations of Code Section 409(p), the part of the Internal Revenue Code designed to prevent the

U.S. Representatives Ron Kind (D-WI) and Jason Smith (R-MO) introduced the Promotion and Expansion of Private Employee Ownership Act, which will encourage the formation of employee-owned businesses and promote retirement savings through employee stock ownership plans in S corporations. Rep.

In late March, three ESOP companies announced that they would be acquired.

A March 22 article in the Denver Post noted that Colorado Governor Jared Polis (D) is working to promote employee ownership in Colorado.

On March 28, the Department of Labor sued Wilmington Trust N.A., alleging that it relied on a flawed valuation in a $46 million ESOP transaction involving Stargate Apparel Inc. and Rivstar Apparel Inc.

Forbes writers Jim Ludema and Amber Johnson wrapped up their series on creativity and innovation at work with an article about Crafts T

The current edition of the NCEO newsletter is now available online for members.

The Beyster Institute at the Rady School of Management at the University of California, San Diego, announced that its new executive director would be Kim Blaugher. Blaugher has more than 30 years of experience as a CPA and consultant in the ESOP field. Rady School Dean Robert S.

Bills in each house of the Texas legislature would provide the most comprehensive state effort yet on employee ownership.

On March 7, Reuters reported that employee-owned Parsons is planning an initial public offering.