U.S. Rep. Ron Kind (D-WI) and Rep. Jason Smith (R-MO) have introduced the Savings for All Vocations Enhancement (SAVE) Act, a bill that would encourage more S corporation ESOPs by allowing sellers to get the same tax deferral available to owners of C corporations who sell to an ESOP.
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.
A communications committee is a valuable tool for any ESOP company working to improve its ownership culture. This fall, our Communications Committee Crash Course will train participants on what makes a committee work best.
Today is the start of the America's Small Business Development Centers (ASBDC) annual conference, where employee ownership will be discussed not once, not twice, but thrice over the course of the event.
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.