CHIPS Act Adds Employee Ownership to Manufacturing and Innovation Training Programs

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.

House Committee Urges SBA to Fully Implement Main Street EO Act

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.

Using Skill Assessments to Improve Ownership Culture

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.

Academic Fellows in Employee Ownership: 2022 to 2023

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.

Is Captive Insurance Right for You?

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.

Clif Bar Employees Reap Windfall in Sale

Clif Bar is being bought by Chicago-based food giant Mondelez in a transaction that will pay $580 million for the ESOP-held shares, almost double their 2020 value.