Last week I was asked about the distribution of ESOPs within our great state of Indiana. While it makes sense that the denser areas of population would have more businesses and thus a greater opportunity to have ESOPs, and the data does bear this out. For example Indianapolis is home to 43 ESOPs, Fort Wayne…
In the first 5 months of the 116th Congress there have been 6 pieces of Pro-ESOP legislation initiated. Three each in the US Senate and House of Representatives. Several of these were introduced in late May and the text of the bills are not yet available in the Federal Legislation Tracker. We will monitor the status…
The Annual Survey of Entrepreneurs (ASE 2016 Data) provides an interesting insight into the business owner’s exit strategy. An extract of the United States data, broken down by the categories of all reporting firms, minority, non-minority, and Black or African American business owners is provided in Table 1. While there is some variation amongst these…
The Indiana Legislative Council met on May 21 to review and assign topics to the interim session study committees. As described by Senate President Pro Tem Rodric Bray (R-Martinsville): “Study committees provide an important opportunity for lawmakers to examine complicated issues in depth without the same time restrictions we face during a legislative session,” Bray…
ESOPs are a wonderful organizational structure, they can: Reduce wealth inequality through broad based equity sharing Provide wealth generation for retirement requiring no financial contribution from the employee For employees not planning to retire, the ESOP can still build wealth Provide an opportunity for employees to be more engaged and involved through participative management philosophy…
Below is the official, signed version of Indiana Senate Resolution 35. A PDF of the signed resolution is available here SR35 for your use.
Are you an Indiana ESOP or are you an Indiana ESOP Professional? If yes this is your opportunity to make your voice heard in reference to Senate Resolution 35. My understanding is that the Indiana Legislative Council will meet on May 21 – So the time to communicate with our legislators is NOW! As you…
Texas – House Bill 1198 & Senate Bill 1650, would allow a professional corporation to organize as ESOPs as long as all of the voting trustees are licensed; establish the Employee Ownership Assistance OFfice in the Office of the Governor / Texas Economic Development and Tourism Office; allow certified HUBs to transition ton an ESOP…
Over the past few months INCEO has been working with Indiana State Senator John Crane (R-24) to increase awareness of ESOPs within Indiana. Senator Crane and Senator Eric Koch authored Senate Resolution 35, this resolution urges the legislative council to assign the topic of Employee Stock Ownership Plans to an appropriate study committee. On March…
The Indiana Center for Employee Ownership, INCEO just earned a 2019 Silver Seal by adding information to our Nonprofit Profile on GuideStar! Now our community members as well as 10+ million GuideStar users can find in-depth financial information about our organization. What do you think? Check out our profile at the following link. GuideStar…