Together we can bolster Pennsylvania businesses, create a rational economy, and change lives
Employee ownership is a business model in which employees collectively own a percentage of the business for which they work
Employee ownership creates jobs and keeps businesses here in Pennsylvania
Increases businesses profits
Provides a ready buyer and a robust succession plan for
Fights the wealth gap, and provides real
What is Employee Ownership?
Employee ownership has many forms. Two of the main forms are Employee Stock Ownership Plans (ESOPs) and worker cooperatives. In both, employees are given a financial stake in the business. As the business prospers, employees prosper. This creates increased employee engagement and therefore an average 8% increase in productivity. Pennsylvania based ESOP NewAge Industries, Inc. has seen an 851% increase in share price since the inception of the ESOP.
Why Is This Important?
Over the next 10 years, 4.5 million businesses are going to transact. Many will sell to outside buyers and leave Pennsylvania, resulting in the loss of thousands of jobs. Other businesses will close, simply because they don’t have a succession plan. 70% of business owners over 55 say they have no succession plan.
What's your story?
Pennsylvania is full of amazing stories of employee ownership success!
Pennsylvania Center for Employee Ownership