From the article re: Top News for New York Engineering Firms in 2020 - "The ACEC New York-supported legislation would allow an Employee Stock Ownership Plan to own a greater amount of an organized design professional firm. Licensed design professionals would control and manage the firm, but a larger number of employees can share in the benefits of ownership. Employee ownership and professional management and control is a common business model across the country, and it helps firms manage ownership transition, stay locally-owned, retain top talent and reward those who build the firm’s success."
