NonProfit Quarterly

FEBRUARY 15, 2023

Employee ownership can take many forms, including worker cooperatives, employee stock option plans (ESOPs), “hybrid” employee-owned LLCs and corporations, and employee-ownership trusts. According to NCEO , as of December 2021, the US was home to 6,482 ESOP companies with 10.2 million active employee-owners.

Public and Social Policy 93

Public and Social Policy Finance Governance Culture 93

NonProfit Quarterly

JUNE 28, 2023

The initiative will fund state projects to gather data and information, provide education and outreach about worker co-ops and employee stock ownership plan companies as a business succession strategy, and act as a clearinghouse for best practices. This is the first federal worker ownership grant program ever.

Manufacturing 95

Manufacturing Education Education Governance 95

NonProfit Quarterly

FEBRUARY 21, 2024

Nonetheless, according to the National Center for Employee Ownership (NCEO), which tracks numbers for employee stock ownership plan (ESOP) companies—the most common form of employee ownership—overall numbers remain flat , with about 10 million employee-owners.

Public and Social Policy 91

Public and Social Policy Finance Nonprofit Administration and Development Governance 91

NonProfit Quarterly

FEBRUARY 13, 2024

Employee Stock Ownership Plan (ESOP) An ESOP is a trustee-managed pension plan that owns a company in whole or part. A subset of these fall in the “ESOPerative” or “democratic ESOP” category, where employees have a direct governance role. This is the most common form of US employee ownership.

Non-Profits 69

Non-Profits Nonprofit governance and management Public and Social Policy Finance 69

NonProfit Quarterly

NOVEMBER 23, 2022

An October 2020 report found that “ESOP companies were between three and four times more likely to retain staff. Ma has this to say about her experience: “When I started my bakery, I was interested in the worker co-op model to create a more inclusive and employee-centric business. The numbers are astonishing.

Public and Social Policy 117

Public and Social Policy Law Poverty Healthcare 117

NonProfit Quarterly

AUGUST 8, 2023

4 While the former is hard to contest, what’s interesting about the latter part of that stance is that cooperatives are, in fact, privately owned enterprises. That requires being honest when our own members disagree with one another about legislative priorities. They taught me about managing my finances and helped me find daycare.

Public Policy 70

Public Policy Public and Social Policy Nonprofit governance and management Governance 70