During a Congressional hearing held today by the U.S. House Small Business Committee, TEA Immediate Past Chair and Chairman of Eagle Communications, Gary Shorman, discussed the importance of Employee Ownership, the need for quick access to Small Business Administration loans, and the chilling effect of the Department of Labor’s lack of guidance on ESOP formation.
During Shorman’s testimony he asked Congress to:
The ESOP Association
ESOP Association Resources
Sep. 30
US House Committee on Small Business Holds Hearing on Empowering Employee-Owned Businesses Through Access to Capital.
Immediate Past Chair, Gary Shorman testifies emphasizing SBA loan access, the need for ESOP public education and the impact of the DOLs lack of guidance.
Immediate Past Chair, Gary Shorman testifies emphasizing SBA loan access, the need for ESOP public education and the impact of the DOLs lack of guidance.
Sep. 30
Month-Long Initiative Raising Resources for Foundation’s Critical Work Educating Private Business Owners with Succession Plans, Public Leaders, and other Stakeholders About Value of ESOPs
Sep. 29
The ESOP Association's Immediate Past Chair, and Chairman of Eagle Broadband, Gary Shorman, will testify at the House Committee on Small Business Hearing on "Empowering Employee Owned Businesses and Cooperatives Through Access to Capital." He will represent the interests of ESOPs and The ESOP Association at the hearing.
From the committee website:
From the committee website:
Sep. 09
Today, President Biden announced strict new mandates from the federal government requiring more than 100 million Americans to be vaccinated or tested weekly for COVID-19. These requirements will impact ESOP companies with more than 100 employees, health care ESOP companies including but not limited to hospitals, dialysis facilities, ambulatory surgical settings, and home health agencies, and ESOPs with government contracts.
Employers with more than 100 Employees
Employers with more than 100 Employees
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