Welcome to your August issue of the ESOP Report
This month we've packed the report with tons of articles and news about ESOPs that you won't want to miss!
The ESOP Association
ESOP Association Resources
Aug. 23
Inside this issue
Recap of TEA National Conference 2024 - Advocacy Day
Palmer-Donavin - Chapter Company of the Year
Cinnamon King- Chapter Employee- Owner of the Year
Meet Your OH/KY Chapter Officers
New Member Spotlight
Thank Our Sponsors
Read the full issue >>
Recap of TEA National Conference 2024 - Advocacy Day
Palmer-Donavin - Chapter Company of the Year
Cinnamon King- Chapter Employee- Owner of the Year
Meet Your OH/KY Chapter Officers
New Member Spotlight
Thank Our Sponsors
Read the full issue >>
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Aug. 02
The Senate Committee on Appropriations has passed several provisions that support employee ownership and ESOPs in the Fiscal 2025 Financial Services and General Government Appropriations bill. All three provisions were included in the Small Business Administration (SBA) portion of the Appropriations Committee report accompanying the bill text, which provides instruction and direction from Congress to Federal agencies about their budget, goals, and initiatives. The full Committee approved the funding package in a unanimous 27-0 vote.
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Aug. 01
The Senate Committee on Appropriations has directed $2 million to fund the grant program of the Department of Labor’s Employee Ownership Initiative in the Fiscal 2025 Labor, Health and Human Services, Education, and Related Agencies Appropriations bill. The full Committee approved the funding package on a strongly bipartisan 25-3 vote.
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Apr. 30
In the rapidly evolving business landscape, employee stock ownership plans (ESOPs) have emerged as a pivotal strategy for fostering an engaged and motivated workforce. The heart of successfully navigating the ESOP ecosystem lies within the effective communication strategies deployed by an organization. At the forefront of these strategies are ESOP Communication Committees, whose role extends far beyond mere information dissemination. These committees are instrumental in creating, building, and sustaining education, alongside driving cultural improvements within employee-owned companies.
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Apr. 25
Pictured: The BAYCOM team, along with the co-CEOs of OwnersEdge, celebrate the Fastest Growing Company award on February 28. Katie Busch, president of BAYCOM, is pictured front middle. Christine Adee, CEO of OwnersEdge, is to the right of Busch in the front row and Rob Dillon, CEO of OwnersEdge, is in the back row to the right of Busch. In 2016, BAYCOM was acquired by OwnersEdge, a 100% employee-owned ESOP holding company based in Waukesha, Wis.
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Apr. 23
Aaron Moberger, an employee owner and Project Manager at Avid Products, was recently named as the inaugural Vice Chair of the Massachusetts Center for Employee Ownership’s advisory board. Aaron is the immediate past President of The ESOP Association’s New England Chapter, and for years has been a key volunteer leader in TEA’s chapter network. We asked Aaron to share his thoughts about his new leadership role with MassCEO, and how the organization can help grow employee ownership in the state.
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Apr. 18
The most common comments I hear from ESOP Advocacy Day attendees before participating are some version of “I’m not sure what to do/say” or “It’s a little intimidating.”
The most common refrains I hear after Advocacy Day: “This was easy and really fun” and “I can’t wait to do it again next year!” I encourage you to join ESOP Advocacy Day whether it’s your first time or you’ve been doing it for years.
The most common refrains I hear after Advocacy Day: “This was easy and really fun” and “I can’t wait to do it again next year!” I encourage you to join ESOP Advocacy Day whether it’s your first time or you’ve been doing it for years.
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Apr. 16
Just Announced: Dave Barry to Headline Awards Gala!
Get ready for an unforgettable evening at National Conference as we celebrate the very best of employee ownership!
The ESOP Association's annual awards ceremony has always been a popular event, as we honor the best individual and ESOP company accomplishments. This year, we are taking it to a whole new level with the Celebration of Excellence in Employee Ownership awards gala.
Get ready for an unforgettable evening at National Conference as we celebrate the very best of employee ownership!
The ESOP Association's annual awards ceremony has always been a popular event, as we honor the best individual and ESOP company accomplishments. This year, we are taking it to a whole new level with the Celebration of Excellence in Employee Ownership awards gala.
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Apr. 15
A newsletter for the members of the PA/DE Chapter of the ESOP Association
Read the full issue here >>
A Note From Our President
Christy Magee, President
Hello,
Read the full issue here >>
A Note From Our President
Christy Magee, President
Hello,
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