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!
The ESOP Association
ESOP Association Resources
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. 24
Important changes—bringing you incredible opportunities to get engaged in public policy and advocacy—are taking place at your ESOP Association. Updates to TEA's governance coupled with a suite of new advocacy programs offer a path for members of all experience levels to get involved in ESOP advocacy. Get all the details in multiple articles in this month's ESOP Report.
Plus, you can get the latest details on the National Conference, which is now open for registration; learn about TEA's new Group Captive Workers' Comp Insurance Plan; read about a new Issue Brief on control premiums in ESOP valuations; and more!
Plus, you can get the latest details on the National Conference, which is now open for registration; learn about TEA's new Group Captive Workers' Comp Insurance Plan; read about a new Issue Brief on control premiums in ESOP valuations; and more!
Mar. 22
Marty Walsh, the two-term mayor of Boston, was confirmed as the Labor secretary by the Senate in a 68-29 vote on Monday, March 22, 2021.
Please see the ESOP Association's Official Statement for more on this news.
Please see the ESOP Association's Official Statement for more on this news.
Mar. 22
Secretary Provides Responses to ESOP Questions During Confirmation Process
Mar. 11
What value does control bring in an ESOP transaction or annual valuation? This brief offers discussion and analysis on this important topic.
This brief was updated in March 2021.
This brief was updated in March 2021.
Mar. 09
Julie Su, current head of California’s Labor and Workforce Development Agency has been tapped by the Biden administration to be Deputy Labor Secretary under Labor Secretary Nominee Marty Walsh.
Mar. 09
$1.9 trillion relief bill includes $1,400 checks, billions for vaccines, and money to reopen schools. Restaurant, airplane manufacturing, concert venue industries set to benefit most.