Employee Ownership for Communities
Employees at employee-owned companies:
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4 times less likely to be laid off
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33% higher income among workers aged 28-34
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have retirement accounts that are 2.5 times greater than at comparable companies
Strengthening Communities
- Employee ownership keeps businesses and jobs in-state and builds community wealth
- Employee-owned companies often make it a priority to give back to the communities where they are located
Building Strong Local Businesses
- Employee Ownership is a business succession tool – an attractive alternative to selling to a private equity firm or other outside buyers
- It provides flexibility and significant tax benefits, while maintaining the integrity of the company
ESOP COMPANIES:
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increase sales by about 2.3-2.4% per year
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have 25% higher job growth over a 10-year period
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have an average 8% increase in productivity during the year the ESOP is adopted
Why is this important?
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4.5 million businesses are going to transact over the next 10 years
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70% of business owners say they have no succession plan
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56% of Americans over 55 have less than $50,000 in retirement savings
Employee ownership can offer a solution to all of these problems.
The following employee owned companies have won awards like Fortune Magazine's "100 Best Places to Work", "Chain of the Year," "Best of Workers" by B Lab, Forbes List of America's Best Large Employers", and "Best Places to Work in PA"
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