Employee Ownership Blog

Corey Rosen

NJ Legislature Passes Major Employee Ownership Bill

New Jersey bill A5016/S4218, which would establish a program in the state Economic Development Administration to “encourage employee ownership awareness and provide funding and advisory support,” has now passed both chambers of the state legislature. The bill makes permanent a program created under former Governor Phil Murphy in 2024 to provide technical assistance and outreach and to help defray the costs of feasibility studies for companies considering employee ownership transitions. The current governor, Mikie Sherrill, is expected to sign the bill.

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NCEO Events & Webinars

What Boards and Leaders of Mature ESOPs Need to Plan for Next

For many ESOP companies, the early years are defined by a familiar set of priorities: paying down debt, building employee communication, and getting comfortable with plan administration. But what happens after clearing those hurdles? In a recent NCEO webinar, Kyle Wishing of PCE Investment Bankers walked through the challenges and opportunities that emerge once an ESOP has reached maturity (generally understood as being 10 or more years in) with selling shareholders paid in full and a second generation of leadership taking the helm.

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Andrea DiMatteo

NCEO Workshop Reflections: Building Ownership Leaders

This past week, I had the privilege of being onsite for the NCEO’s New Manager Workshop in Denver, CO, and I'm still thinking about it. There's something unique that happens when you get 67 managers from employee-owned companies across the country in one room—the energy shifts from "let's get through this agenda" to "wait, can we keep talking about this?"

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Ramona Rodriguez-Brooks

Beyster Initiatives Continue UCSD's EO Education

As a proud UC San Diego alumna, I’m excited that NCEO is partnering with Beyster Initiatives at the Rady School of Management to conduct three separate courses for ESOP company leaders and professional advisors. UC San Diego, known equally for its academic rigor as its beautiful coastal campus, is an excellent fit for education in our employee ownership community.

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Corey Rosen

RI Senate Unanimously Passes Bill to Create State Employee Ownership Center

The Rhode Island Senate unanimously passed S. 2922, which would create the Rhode Island Center for Employee Ownership (RICEO). According to the bill text, “the purpose of the RICEO will be to secure resources, provide technical assistance, and serve generally as a concierge service both to legacy business owners and worker owners interested in transitioning a small business to an appropriate employee-owned business model.” Worker cooperatives, ESOPs, and companies where a majority of the stock is owned by an employee ownership trust are all explicitly mentioned as examples of employee ownership, but the RICEO could provide assistance for other models. 

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Corey Rosen

More than 4,000 SpaceX Employees Have over $1 Million in Stock After IPO

According to an analysis posted on X by Hill.com founder and CEO Andrew Benson, widely cited in the New York Times and other news outlets, more than 4,000 current and former employees of SpaceX now have more than $1 million in stock (400-plus having $100 million or more), and many others among SpaceX's 22,000 employees have large amounts of stock as well after the company’s record-breaking IPO. 

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