Blue Ridge ESOP Associates Industry News

Need a basic training course to help you understand the basics, financial issues and operations of an ESOP? Corey Rosen, the founder of the NCEO, has developed a new self-paced study to help participants gain such knowledge. The program is divided into 5 mini-courses which includes 20 webinar recordings and 20 sets of scenario based quizzes covering 18 topics regarding ESOPs. We encourage you to check out this resource and find out more information here.

Topics: ESOP Administration

Employee-owned company, NewAge Industries, in Pennsylvania, invited Governor Tom Wolf to their facility. The tour showcased the financial and moral values employees gain when they are a part of business ownership noticed by Governor Wolf as he pointed out "the number of 'employees smiling'." After the tour, a roundtable was held between the executives of NewAge and Governor Wolf which included the discussion about how the Pennsylvania Center for Employee Ownership is exemplary in promoting growth of companies through employee ownership. More highlights about this tour and meeting can be read here. Company tours like this one for key decision makers demonstrate the benefits of pro-ESOP legislation.

Topics: Congressional Visits

New York's junior senator, Kirsten Gillibrand announced that new legislation is set to be presented to help make it easier for businesses to become employee owned. This announcement was made while the senator was visiting Schenectady Steel Company which has been 100% employee owned since 1975 and turning 100 years old in 2024.  "The Main Street Employee Ownership Act" is a bi-partisan bill which "aims to improve access to loans for ESOPs or co-ops and make it easier for small businesses to transition to an employee owned model. It's an effort to retain local business, and reward hard work."

Topics: pro-ESOP legislation

Blue Ridge ESOP Associates is proud to be a sponsor for the 32nd Annual Ohio Employee Ownership Conference.

Topics: Plan Design, Repurchase Obligation, loans, sustainability

The annual ASPPA Eastern Regional Conference is being held this week in Philadelphia, PA. Tom Roback will be moderating the following session on Thursday, April 26 from 1:05-2:20 p.m.

Topics: Plan Design

The Heart of America's annual spring St. Louis ESOP seminar is tomorrow! At this conference, you will have the opportunity to hear Anthony Brunsvold co-present at "The Great Debate: ESOP Sustainability" from 11:00 a.m. to 12:00 p.m. Hot topics that bring challenges to the management of ESOP companies will be discussed with suggested strategies that might help such challenges as distribution policy, repurchase methods, funding strategies and releveraging.

Topics: Repurchase Obligation, Distributions, Conferences

2018 Employee Ownership Conference in Atlanta

Are you attending the conference this week? Stop by our booth and enter your business card for a chance to win an Amazon Echo Dot (2nd Generation). Our Blue Ridge professionals will be speaking in the following sessions. 

Topics: Ownership Culture, Distributions, Conferences, Audits, Releveraging your ESOP, Year-End Valuation