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Vermont Computing Co-op Pays It Forward with the Vermont Employee Ownership Loan Fund

VEOC seeks Program & Outreach Coordinator!

The Vermont Employee Ownership Center is Seeking a Program and Outreach Coordinator!

This multi-talented person will be responsible for overall communication and marketing duties. They will be involved in:

Celebrating 2018 Employee Ownership Month!

It's October in Vermont, which means changing leaves, cider donuts, and Employee Ownership Month!

This year, we are again collaborating with a number of local companies to organize two Employee Ownership Month celebrations, at which employee-owners and supporters of the model can meet each other and learn about how employee ownership impacts the culture and work-life of different companies. Follow the links below to learn more about the events and to register:

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

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.

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