ESCA 2009 Annual Report
Click here to read ESCA's 2009 Annual Report.
ESCA Members Share Their Stories in New StoryLine Project
Over the years of meetings with Members of Congress and congressional staff, ESCA employee-owners have told many poignant personal stories about how employee-ownership has changed their lives and the lives of their colleagues. At the 2009 ESCA Federal Policy Conference, ESCA launched a program to capture some of these personal stories of employee-ownership. Please click here to listen to ESCA StoryLine.
Invite Your Member of Congress to
Visit Your Company
ESCA Tool Kit Tells You How
As many of our ESCA companies have experienced, hosting their Member of Congress is one of the most effective ways to educate a Senator or Representative about the importance of S corporation ESOPs. We encourage all of our members to invite their Representatives to visit company headquarters or other facilities. Of course, ESCA staff is available to help with the invitation as well as planning the event. Click here to learn more about the district event process and to find a sample invitation letter.
University of Pennsylvania Study Finds S ESOPs Yield Billions in New benefits for U.S. Workers and the Economy.
In a University of Pennsylvania study, two leading tax and economic experts found that Subchapter S companies owned by their employees through ESOPs generate some 85,000 new jobs each year and create $14 billion in new savings for workers that otherwise would not have been earned. "From a long-term societal perspective," write the study's authors, "it is perhaps the best possible gain: a forced retirement plan."
The authors reported that S ESOPs offer their workers higher job stability, which accounts for $3 billion worth of the workers' savings. Moreover, they found, S ESOPs' higher productivity, profitability, job stability and job growth collectively help ESOP companies amass $33 billion more in combined earnings than what they would earn if they were not ESOP-owned S corporations.
READ MORE
Click here for full study
Report from ESCA's March Lobby Day.
In March, ESCA held its first lobby day of the year. Twenty employee-owners from eleven ESCA companies traveled to D.C. to meet with their Members of Congress. Read More.
Report from ESCA's 2009 Leadership Summit.
More than 120 ESCA Members gathered in Miami in February to discuss the current political environment and to assess the potential challenges facing S ESOPs in the coming year. Participants heard from a number of Members of Congress as well as senior Treasury officials. Read More.
2008-2009 District Events
Employee-owners of Burns & McDonnell, Garney, Volkert and Schiff Hardin meet with Congressman Tom Price (GA).
Congressman Judy Biggert (IL) visits Parksite facility in Bolingbrook, IL.
Senator Sam Brownback visits Burns & McDonnell location in Kansas.
Employee-owners of HNTB meet with Congressman Bill Cassidy at HNTB's Baton Rouge office.
Congressman Erik Paulsen (MN) tours Lifetouch facility in Bloomington, MN.
Senate Health, Education, Labor and Pensions Committee staff tours Herff Jones's Charlotte facilities.
Employee-owners of Herff Jones and HNTB meet with Congressman Rob Bishop (UT) in Ogden, UT.
Employee-owners of George P. Johnson Co. meet with Congressman Joe Knollenberg (MI) at company headquarters. Click here for details.
Employee-owners of Inland Truck Parts meet with Congressman Earl Pomeroy (ND) in Bismarck, ND. Click here for details.
Senator Pat Roberts (KS) meets with employee-owners of Garney Construction in Kansas City, KS. Click here for details.
Congresswoman Jan Schakowsky (IL) visits with employee-owners of Forsythe in Skokie, IL. Click here for details.
Employee-owners of Austin Industries meet with Congressman Pete Sessions in Dallas, TX. Click here for details.
More on S ESOPs…
S Corporation ESOP owners amass far greater savings than workers with other pension plans, National Center for Employee Ownership finds. To view the study, click here.
