Watch this testimonial from Nina Hale about why she decided to convert her booming marketing business to 100% employee-owned.
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Watch this testimonial from Split Rock Studios to learn more about their unique ESOP story.
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Learn the answers to the most frequently asked questions about Employee Ownership Trusts here!
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On June 16th, Sue Crockett, current MNCEO Executive Director, shared her experience with the Exit Planning Institute podcast on employee ownership and how it assists owners to achieve a lasting legacy while remaining loyal to their current employees.
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Since Long Haul sent its first truck out on the roads over 35 years ago we have taken pride in being a company that offers our drivers opportunities to create successful careers. Of the many separators that make Long Haul Trucking an exceptional place to work as a driver, emplo
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View this table to see a basic outline of the various approaches to employee ownership. To make the table concise, there are some nuances and details left out. Follow the links to find more detailed explanations of various issues are provided where appropriate.
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Learn the answers to the most frequently asked questions about Employee Ownership Stock Plans (ESOPs) here!
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Hear the story of Happy Earth Cleaning Cooperative. Learn about how they did it, and why they choose to convert into a worker co-op. Nexus Community Partners was proud to partner with Project Equity in helping with the conversion process.
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Tom Prosser shared the options he considered and why employee ownership was the best option for him and the future of the business that he had worked so hard to build.
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Graybar is an employee- and retiree-owned, FORTUNE 500 distributor of electrical, communications and data networking products, based in St. Louis, Missouri. The company has more than 8,200 employees, 292 locations across North America and $7.3 billion in annual revenue (2020).
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On June 16th, Sue Crockett, current MNCEO Executive Director, shared her experience with the Exit Planning Institute.
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As COVID-19 restrictions begin to lift around the U.S., business owners are reevaluating how they can get their businesses back on track.
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MetroConnections, a unique conference and event services company, found that employee ownership held the secret sauce to withstand the hurdles of the pandemic.
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An Employee Ownership Trust (EOT) exists to benefit both current and future employees. With looser ties to the Internal Revenue Code and U.S. Department of Labor regulations, forming an EOT is likely to be less costly than an ESOP. Read on to read more.
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Employee Ownership Trusts, a “no-hassle” form of employee ownership. According to an article published by Fifty by Fifty, an Employee Ownership Trust provides a unique opportunity not found in ESOP (Employee Stock Ownership Plans).
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Read this story to hear how Kelso, a lawyer and economist, set out to bring employee ownership to America.
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On May 5th, Nina Hale, former owner of Collective Measures, shared her experience with employee ownership and how to prepare your business with a proper exit strategy.
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A feasibility study is the go-to metric analysis study for companies who are considering transitioning to an employee ownership model. An employee stock ownership plan (ESOP) can be a great way to transition your business and give back to your employees; however, it is not for everyone.
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Today, the Minnesota Center for Employee Ownership (MNCEO) released new data that reveals twin crises from the Silver Tsunami coupled with COVID-19 for businesses across Minnesota.
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Establishing and administering an ESOP can be complicated. However, with an ongoing focus on educating participants and guidance from seasoned professionals, the benefits of an ESOP normally far outweigh the complexities.
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