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The ESOP Association

ESOP Association Resources

Jul. 12
NEW Advocacy and Employee Ownership Month (EOM) Resources Exclusively for TEA Members
Join us this summer for two exciting webinar series to help educate our members and promote employee ownership!
Advocacy Webinar Series
Jul. 11
Longstanding Priority of The ESOP Association Includes Creation of a New Division at DOL Specifically Tasked With Growing Employee Ownership in America
Jul. 06
Inside this Issue:

National Awardees from the MACC
New Member Spotlight - IVS Group, Inc.
The Name of the Game...Advocacy
How to Host Your Rep Advocacy Toolkit
Upcoming/Recent MACC Events
Chapter Officers and Sponsors

Read the Newsletter >>
Jul. 05
Join Your Fellow ESOP Leaders August 20-22 in Sonoma for TEA’s CEO Summit
If you’re an ESOP CEO or President, you will not want to miss TEA’s second annual CEO Summit! 
The only event of its kind, the CEO Summit brings together the most senior executives of ESOP companies to help you build a network of your peers and address the most timely and big picture topics facing businesses today. 
Here’s how last year’s attendees described the CEO Summit:
Jul. 28
After several days of debate, Senate Republicans have offered their version of the “Phase Four” economic stimulus and COVID recovery bill. Of particular note to those in the ESOP community, this package of bills does not yet include S. 4236—the bill introduced by Sen. Ron Johnson (R-WI) that would offer grants to companies that create or expand an ESOP.
The package is a first draft and will likely change significantly as both parties work to hammer out an agreement. As currently written, this group of bills would offer the following items.
Jul. 27
S. 4236
Economic Recovery and Investment Through Employee Ownership Program
 
On July 21, 2020, Senator Ron Johnson (R-WI) introduced S. 4236, a bill to establish a federal grant program to encourage economic recovery through business investment and the creation and expansion of employee stock ownership plans (ESOPs).  The bi-partisan bill has been co-sponsored by Senator Tammy Baldwin (D-WI) and was referred to the Senate Committee on Finance. 
Jul. 22
TEA Endorses Temporary Federal ESOP Grant Program Act
Thanks Sen. Johnson For Leadership; Encourages inclusion in COVID “Phase 4”
Jul. 21
Tuesday, U.S. Sen. Ron Johnson (R-Wis.), chairman of the Senate Homeland Security and Governmental Affairs Committee, introduced the Temporary Federal ESOP Grant Program Act, legislation to recapitalize businesses as they resume operations by helping them to create or expand an employee stock ownership plan (ESOP).
This is an incredible milestone for the ESOP community. Thank Senator Johnson by clicking this link: https://ctt.ac/0jS3b 
Read the full release from Senator Johnson's office below:
 
Jul. 17
Virginia sets rules that employers must follow or face penalties; other states could use Virginia's rules as a model.
Jul. 16
By surviving tough times and retaining employees, ESOPs benefit the nation as a whole.