Find Your Resource

On September 7, the Small Business Administration announced the 2017 winners of its Program for Investme

Another feature of the Main Street Employee Ownership Act is that the SBA now is to educate the public about worker cooperatives and ESOPs. Several local SBA offices have started host programs.

The Small Business Administration (SBA) is maintaining a FAQ document on the PPP program that will be regularly updated. The SBA states, "Borrowers and lenders may rely on the guidance provided in this document as SBA’s interpretation of the CARES Act and of the . . . PPP Interim Final Rules."

The 2018 Main Street Employee Ownership Act was intended to spur lending from the Small Business Administration for ESOP transactions.

On May 13, 2020, the SBA, in consultation with the Department of the Treasury, updated its Frequently Asked Questions to include a new Question 46 that provides additional guidance about the certification needed to prove that the funds were necessary in order to maintain payroll and thus eligible for forgiveness.

The new Equity Compensation Plan Participant Survey from Charles Schwab shows that 30% of the net wealt

The 2018 Equity Compensation Survey from Charles Schwab shows that 27% of 1,000 survey participants said that equity was "one of the main reasons" they took their current jobs, and 9

The Association of Washington Business has named Schweitzer Engineering Laboratories as its employer of the year. The award recognizes innovative work and compensation practices.

The First Minister of Scotland, Nicola Sturgeon, announced on August 26 the creation of Scotland for EO, a government-supported or

Scot Forge in Spring Grove, IL, is one of the oldest ESOPs, with a plan dating back to 1978. The metal forging company was founded in 1893 and sold to an ESOP when the then-current owner decided to use the plan as a means to provide a market for his shares.