TEA, EOF to Open New International Employee Ownership Center: This new, state-of-the-art facility will open in December and dramatically expand advocacy, education, and conferencing capacity in service of the employee ownership mission.

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The ESOP Association

ESOP Association Resources

Jul. 28
After several days of debate, Senate Republicans have offered their version of the “Phase Four” economic stimulus and COVID recovery bill. Of particular note to those in the ESOP community, this package of bills does not yet include S. 4236—the bill introduced by Sen. Ron Johnson (R-WI) that would offer grants to companies that create or expand an ESOP.
The package is a first draft and will likely change significantly as both parties work to hammer out an agreement. As currently written, this group of bills would offer the following items.
Jul. 27
S. 4236
Economic Recovery and Investment Through Employee Ownership Program
 
On July 21, 2020, Senator Ron Johnson (R-WI) introduced S. 4236, a bill to establish a federal grant program to encourage economic recovery through business investment and the creation and expansion of employee stock ownership plans (ESOPs).  The bi-partisan bill has been co-sponsored by Senator Tammy Baldwin (D-WI) and was referred to the Senate Committee on Finance. 
Jul. 22
TEA Endorses Temporary Federal ESOP Grant Program Act
Thanks Sen. Johnson For Leadership; Encourages inclusion in COVID “Phase 4”
Jul. 21
Tuesday, U.S. Sen. Ron Johnson (R-Wis.), chairman of the Senate Homeland Security and Governmental Affairs Committee, introduced the Temporary Federal ESOP Grant Program Act, legislation to recapitalize businesses as they resume operations by helping them to create or expand an employee stock ownership plan (ESOP).
This is an incredible milestone for the ESOP community. Thank Senator Johnson by clicking this link: https://ctt.ac/0jS3b 
Read the full release from Senator Johnson's office below:
 
Jul. 17
Virginia sets rules that employers must follow or face penalties; other states could use Virginia's rules as a model.
Jul. 16
By surviving tough times and retaining employees, ESOPs benefit the nation as a whole.
Jul. 09
Learn about federal and state guidance for ESOP companies planning to reopen, find out how to strengthen employee owner resiliency, find the latest on notifications and regulations, get insights on administering C corp ESOPs, and discover new content available for members—including our Summer Webinar Series, new virtual Regional Meetings, and the Professionals' Forum Summer Edition.
Jul. 07
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Jul. 01
Spring meeting recap; The Hub; Featured Member; 2020 ESOP Chapter Awards; Membership Updates; Government Relations Update; Upcoming Events.
Jun. 26
On June 22nd, the Small Business Administration (SBA) and Department of the Treasury released revisions to the interim final rule on forgiveness and the interim final rule on loan review procedures for PPP loans.