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The Main Street Employee Ownership Act Becomes Law!

News Story: 

After following its progress through Congress over the past year, the Main Street Employee Ownership Act was signed into law on August 12th!

Among other elements, the Act makes the conversion of a business to employee ownership via a worker co-op or Employee Stock Ownership Plan (ESOP) eligible for Small Business Administration (SBA) 7(a) loans. Such loans, which the SBA guarantees up to 85% up to $5 million, will be a significant new tool in the box for business owners considering selling to their employees.

GUEST POST: Starting a Movement! Employee Owners of Vermont Impacting our Communities

Guest Post By Hallam-ICS CEO Keith Flaherty

In early January, I was sitting at my desk and decided to send out an email.  I love to run, and on several recent outings my brain kept coming back to the same question:

How can we bring local employee owned companies together to impact our communities?

2018 Annual Conference to be held June 8th at the UVM Davis Center

Date: Friday, June 8th, 2018
Location: UVM Davis Center, 590 Main Street, Burlington, VT

Register via This Link

VEOC Seeks 2018 Summer Intern!

NOTE: This position has been hired for the 2018 Summer season, but if you are interested, we expect to have another position for Summer 2019!

We're excited to announce that we're seeking a paid, part-time intern for the Summer of 2018 to assist the VEOC with our annual conference on June 8th, our annual census of Vermont employee-owned companies, and some marketing and outreach work. The position will start May 29th and run a total of 200 hours over the course of the summer, ending no later than August 31, and will pay $15/hour.

Spring 2018 Ownership Succession Seminars in Brattleboro, Burlington, Rutland & Middlebury!

The VEOC is pleased to announce our 2018 spring series of ownership succession seminars!

Each year we partner with RDCs to present, free of charge, "The Search for a Good Exit: Introduction to Ownership Succession Planning" in communities across Vermont, and this year's offerings will include Brattleboro, Burlington, Rutland, and Middlebury. Details may be found below, and, while the sessions are free, space is limited, so please RSVP ASAP to reserve your spot if interested...

"Selling to the Employees" Seminar 1/24 in Hardwick

We're excited to be partnering with the Cooperative Fund of New England and the Center for an Agricultural Economy to present our FREE "Selling to the Employees: A Path to Ownership Succession" seminar in Hardwick from 4:30-6pm on Wednesday, 1/24! The event will cover the ESOP and worker co-op models, including a discussion of financing options for low-wealth employee groups seeking to purchase a business from a departing founder.

Vermont Employee Ownership Month 2017 Recap!

With employee ownership month officially concluded, we figured we'd share a few reflections on October's happenings!

Employee Ownership Month Celebrations Planned for Burlington, Montpelier, and Windsor!

Expanding on the success we've had for the past two years organizing Employee Ownership Month celebrations in the Upper Valley, for 2017 we're expanding to three events in different parts of the state: Montpelier, Windsor, and Burlington! These gatherings are always a great opportunity to meet folks from different employee owned companies and learn what they're doing to build strong cultures of ownership.

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