October 2, 2007 (Washington, DC) – Three members of The ESOP Association, Phelps County Bank of Rolla, MO, Reflexite of Avon, CT, and Restek Corporation of Bellefonte, PA have been named among the Top 15 Small Workplaces. This is the first annual list of the best small businesses in the U.S. which was compiled by The Wall Street Journal and Winning Workplaces, a nonprofit group which provides consulting services to small businesses.
“It is pleasing to see three of the Association’s member companies among the winners,” said J. Michael Keeling, President of The ESOP Association. “Thirty years of research shows that employee owned companies are high performing, have high employee retention rates, and have workers that are more motivated and productive. The Wall Street Journal and Winning Workplaces saw the obvious in these three companies, who are leaders in the ESOP community.”
The winners were featured in a special small business section of The Wall Street Journal in print and online. To qualify, companies need to employ 500 or fewer individuals and have revenues of $200 million or less. The winners were chosen based on their success in creating a culture fostering professional growth opportunities, and unique benefits.
For more information about the Top Small Workplaces project, visit www.wsj.com/smallbusiness or www.winningworkplaces.com.
Founded in 1978, The ESOP Association represents over 1,400 ESOP companies who believe that employee ownership will improve American competitiveness, increase productivity through greater employee participation and strengthen our free enterprise economy.
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