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:
The ESOP Association
ESOP Association Resources
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.
Jul. 09
Learn about federal and state guidance for ESOP companies planning to reopen, find out how to strengthen employee owner resiliency, find the latest on notifications and regulations, get insights on administering C corp ESOPs, and discover new content available for members—including our Summer Webinar Series, new virtual Regional Meetings, and the Professionals' Forum Summer Edition.
Jul. 07
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Jul. 01
Spring meeting recap; The Hub; Featured Member; 2020 ESOP Chapter Awards; Membership Updates; Government Relations Update; Upcoming Events.
May. 28
The emotional toll that the COVID-19 pandemic is having on Americans is becoming increasingly and alarmingly clear. New information suggests that ESOP companies may want to train an especially keen eye on the well-being of their employee owners.
May. 28
On May 15, 2020, the Small Business Administration (SBA) published a Loan Forgiveness Application that provides long awaited information regarding loan forgiveness under the Paycheck Protection Program (PPP). The PPP generally provides that borrowers are eligible for forgiveness of their PPP loans based upon certain qualifying expenses that arise during the eight-week period commencing on the date the loan was funded (which is known as the Covered Period).
May. 13
New funding options may exist for businesses, thanks to a new bill from the House and several potential modifications to existing federal relief programs.
May. 08
Companies that received PPP funds now have an extra week to decide if they should give them back.