Thank Your Wisconsin Senators for Championing Pro-ESOP Legislation
For Wisconsin Residents Only
The ESOP Association needs your help thanking Wisconsin Senators Ron Johnson and Tammy Baldwin for their leadership!
Recently, Sen. Johnson introduced, and Sen. Baldwin co-sponsored, S.4236, the Temporary Federal ESOP Grant Program. This new legislation has the potential to dramatically increase employee ownership while helping businesses recover and adapt to a post COVID economy.
The legislation incentivizes the formation of new ESOPs and the expansion of existing partial ESOPs. Businesses would be eligible for grants of up to $20,000 per employee to be used for investments into fixed assets. In order to qualify for the grants, the business must agree to form a new ESOP or increase the share owned by an existing ESOP. TEA is working with the Senators to identify ways to provide benefit to existing 100% ESOPs as well.