One Step Closer for ESOPs with the Main Street Employee Ownership Act
TEA is pleased to share that recently the House of Representatives passed legislation, now heading to the Senate, that includes some strong provisions supporting ESOPs and employee ownership.
The ESOP Association
ESOP Association Resources
Jul. 21
Ted Becker Wins Lifetime Service Award
Washington, DC, July 19, 2021 – Theodore “Ted” Becker, Partner at McDermott Will & Emery in Chicago, has been awarded the ESOP community’s highest honor, The 2021 Lifetime Service Award. The Lifetime Service Award honors individuals who have made a significant, long-term contribution to employee ownership and the ESOP community.
Washington, DC, July 19, 2021 – Theodore “Ted” Becker, Partner at McDermott Will & Emery in Chicago, has been awarded the ESOP community’s highest honor, The 2021 Lifetime Service Award. The Lifetime Service Award honors individuals who have made a significant, long-term contribution to employee ownership and the ESOP community.
Jul. 21
This article provides an overview of the various options for employee ownership.
Jul. 20
Advocacy update, upcoming events, new members, and member spotlight.
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.
ESOP Blog, Resource, Government Affairs
Nov. 29
A quick glance at the results of the mid-term elections might leave one feeling that the ESOP community will face challenging days ahead. Certainly the retirement and defeat of key ESOP advocates in Congress—primarily in the House, where tax laws originate—pose a challenge. But there is good news too.
The "Bad" News
First, let’s look at the more challenging news.
We will lose some crucial, long-time ESOP Advocates next year.
The "Bad" News
First, let’s look at the more challenging news.
We will lose some crucial, long-time ESOP Advocates next year.
Resource, ESOP Report, Legal Update, Ownership Advantage, Washington Report, Economic Performance Survey, Valuation, Insufficient Assets, Employee Ownership Month
Nov. 01
Members of The ESOP Association and the public show even greater interest in celebrating Employee Ownership Month.