ESOP’s in the US powering on
The ESOP Association and the Employee Ownership Foundation have just released results of the 2010 ESOP Company Survey. “The data from the survey, which is done every five years, proves the case for more employee ownership,” said Michael Keeling. The key statistics of the 2010 survey are the increase in age of the ESOP and account balances.
In related developments in the US – Senator Sanders promotes a bill that would establish state programs that support the move to employee ownership. A second bill would create a United States Employee Ownership Bank that would lend out money when employees of a business are considering taking over a company from its original owner.
There is an overwhelming wave of support for these plans and closer to home the Australian Employee Buyout Centre is promoting the casue with a series of seminars over the next month that provide valuable information to business owners and their advisers.