Grow your business.

Preserve your legacy.

Employee Ownership is good for you, your business, your employees, and Pennsylvania

Welcome

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 and productivity
Provides a ready buyer and a robust succession plan for current owners

Strengthens communities

Fights the wealth gap, and provides real
retirement savings

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 a 1025% 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!

“Having our employees as owners gives us a competitive advantage by contributing to Wawa’s growth...Owners devote time and energy to making their home a better place."
Chris Gheysens, CEO
Wawa
“It’s not a sense of ownership, it’s genuine ownership - the employees have a completely different mentality. Employee rollover is essentially non-existent. We’ve got career chefs, career cooks, career bartenders."
Matteo Rachocki, CEO
Voodoo Brewery

Pennsylvania Center for Employee Ownership

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