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New data from the National Center for Employee Ownership show that ESOP companies have an exceptionally low rate of defaults on their acquisition loans.

Triple Canopy, a Reston, VA-based provider of mission support, security, and training services, has become 100% ESOP-owned. The company has been active in a number of war zones.

Eileen Fisher, the founder of the firm of the same name, discusses in a 4-minute Inc.

When Virgin America took its stock public on November 13, 13.3 million shares became available to the public markets. In an unusual features of the deal, an employee ownership plan sold shares worth just under $5 million.

Virginia has joined North Carolina and Minnesota in allowing professional corporations to form ESOPs. There are, however a number of requirements. First, the law applies only to accounting, engineering, architecture, land survey, and interior design firms. Medical and law practices are excluded.

The Commonwealth Competition Council and the Secretary of Administration in Virginia have issued a report that recommends the state enact legislation to promote the use of ESOPs in the private sector and in the process of privatizing state-owned or operated entities.

Employee-owned National Van Lines produced a video, featuring the stories of its former owners and its current employee-owners.

The February 7 issue of the Wall Street Journal has a full page of articles on ESOPs. The story was the result of a suggestion to Journal reporters from the NCEO.

Most economists have long argued that as productivity goes up, so do wages and, ultimately, employment. Therefore, if technology increases productivity, more people will be working for more money. Since the industrial revolution, this notion has been well confirmed by actual experience.

By a unanimous vote, both chambers of the Washington State Legislature have passed S.B. 5096, “An act relating to expanding employee ownership.” On May 9, Governor Jay Inslee signed the bill.