Welcome to the July issue of the ESOP Report. This month we feature a lot of information about employee engagement, growing a culture, and resources to help your ESOP.
The ESOP Association
ESOP Association Resources
Jul. 21
Yesterday the House of Representatives passed H.R. 8294, a package of six fiscal year 2023 federal appropriations bills. The six-bill package includes the FY 2023 Financial Services and General Government funding bill, whose related agencies like the Small Business Administration have regulatory oversight of some ESOP-related issues, and which includes provisions that will directly impact ESOPs and employee ownership in America.
Dec. 21
Don't miss the final edition of the ESOP Report for 2020. The ESOP Report: The voice of the ESOP Association | Serving the entire ESOP Community.
Dec. 03
The ESOP Association and the Employee Ownership Foundation are now located in our new headquarters!
Dec. 01
Economist Jared Bernstein has been selected to serve on by President-Elect Joseph Biden’s Council of Economic Advisors. Bernstein previously served as the chief economist to Biden during his tenure as Vice President in the Obama Administration. For ESOP companies, the move is particularly good news because Bernstein is very familiar with ESOPs and the benefits they provide.
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.