The Indiana Center for Employee Ownership just earned a 2020 Gold Seal of Transparency from GuideStar. GuideStar Seals of Transparency indicate that a nonprofit has provided key information to its Nonprofit Profile. This recognition shows commitment to transparency. By providing up-to-date information, nonprofits allow potential donors and funders to make educated decisions on which nonprofits…
The following is an excerpt from Senator Todd Young’s email of 5-11, concerning the Payroll Protection Program and Indiana Businesses: To date, Indiana has received over 70,000 Paycheck Protection Program loans amounting to nearly $10 billion, specific Indiana recipients of Paycheck Protection Program loans include: Troyer Products, a manufacturing company, located in Elkhart, was able…
A video extract of Mr. Gillming’s testimony to the House Committee on Small Business hearing on the Challenges and Benefits of Employee-Owned Small Businesses, on Feb 12, 2020.
Introduced Jan 2019, Pennsylvania HB 285 seeks to apply provisions of the federal tax code at the state level allowing business owners who sell their stock to an ESOP to defer and potentially eliminate the capital gains resulting from the sale. As of Dec 18, 2019 this bill is in the Pennsylvania Senate Finance Committee.
Congratulations to NewAge Industries the 2019 Winner of NCEO’s annual Employee Ownership Film Contest! NewAge Industries is an employee-owned company that is a great place to work and also gives back to the community; this video shows you how.
Thank you for the opportunity to serve the citizens of Indiana. As you may know, INCEO’s mission is to promote better understanding of the values of employee ownership among business leaders, public officials, employees, members of the media, students, academics/academic institutions, consumers, and other persons and organizations in Indiana. This year we participated with the…
In a recent article by Anita Campbell, Nov 15 2019 she posted a simple 10 question quiz to ask Is an Employee Stock Ownership Plan Right for My Business? Click here to take the quiz. Note a new webpage will open and the quiz is not on the INCEO site. Rick
If an ESOP is often described as: But an ESOP with an Employee Ownership culture is often described as: Which one would you want?
The Indiana Center for Employee Ownership and the Central Indiana Small Business Development Center will be presenting a no-cost workshop which focuses on answering: What is an ESOP? and Can your company do it? Rick Van Doel, Director of the Indiana Center for Employee Ownership (www.inceo.org), will provide real-world examples and review the following topics: the…
As reported by David Wagner, Oct 31, 2019 in the article California Business Owners Spread The Wealth By Selling Their Companies To Their Workers. Often business owners are working so hard on and in their businesses that they do not stop to consider exit strategies. In the 2016 ASE Data 31.5% of Indiana businesses have…