Advocacy update, upcoming events, new members, and member spotlight.
The ESOP Association
ESOP Association Resources
Jul. 19
Thank you for reading the July issue of The ESOP Report. Inside this issue: Employee Ownership – The Solution to the Small Business Crisis, Advocacy, Appreciation and Learning at TEA National 2021, DOL Cybersecurity Guidance, Financial Literacy for Employee Owners... and more!
Jul. 14
Washington, DC, July 14, 2021 — On behalf of the more than 10.5 million American employee-owners with an ownership interest in an Employee Stock Ownership Plan (ESOP) company, The ESOP Association applauds Senator Tim Scott (R-SC) and Senator Jeanne Shaheen (D-NH) for including ESOPs as a core requirement in their bipartisan legislation focused on entrepreneurship among older Americans.
Jul. 02
Washington, DC, June 21, 2021 - Jessica Molnar, Intern Architect at Wiley|Wilson, based in Lynchburg, VA has been named The ESOP Association’s 2021 Employee Owner of the Year. This award recognizes a non-management employee owner who provides a positive influence in the company and participates in the company’s employee ownership activities and the activities of The ESOP Association (TEA). It is one of the highest honors that TEA bestows.
Jul. 02
Washington, DC, June 21, 2021 - Recology, a resource recovery ESOP company based in San Francisco, CA, has won The ESOP Association’s highest corporate honor—the ESOP Company of the Year Award. The award honors a company that actively participates in the employee ownership community and that demonstrates a dedication to The ESOP Association’s vision of employee participation, wealth creation, and individual dignity and worth.
Mar. 30
ESOP companies can apply for greatly expanded federal financial assistance that may qualify for partial or full debt forgiveness. Read More
Mar. 26
See how the latest bill for COVID-19 relief, just passed by the Senate, can help ESOP companies grapple with the economic downturn.
Mar. 25
The ESOP Association today sent a letter to the Secretary of Labor asking for emergency plan flexibility, regulatory guidance, and investigatory relief for active or new routine EBSA investigations.
ESOP Association President & CEO Jim Bonham specifically requested that DOL:
ESOP Association President & CEO Jim Bonham specifically requested that DOL:
Mar. 23
In votes held last night and today, the Senate was unable to move forward on a proposed multi-trillion dollar “Phase 3” piece of legislation that would provide a massive infusion of cash and loan relief for private sector businesses. The legislation is currently stalled over disagreements between Republicans and Democrats over the nature of corporate relief and its uses.
Mar. 19
These slide decks show the nation's response to COVID-19 in a quick, easy to read format.