Tag Archives: financial well-being
The financial and social benefits of giving employee-owners greater decision making power. Continue reading
ESCA member company, Vermeer Texas- Louisiana broke ground this week in Selma, Texas, outside of San Antonio, on a new 34,000 sq. foot facility that is scheduled to open in early 2013. Continue reading
In a new study, An Analysis of the Benefits S ESOPs Provide the U.S. Economy and Workforce by Alex Brill, advisor to the Simpson-Bowles deficit reduction commission, S ESOPs have been shown to be powerful job creators and job savers. In this study, which included a review of S ESOPs over the last 10 years, Brill observed that “employee commitment leads to increased profitability, which in turn allows companies to grow at a faster rate because they can invest more, hire more workers and increase output.” Continue reading
As the story that ran recently on KTVK/KASW Phoenix news highlights, WinCo’s structure as an employee-owned business makes them unlike any of the current grocery stores in the area. Idaho-based WinCo’s ESOP enables its workers to amass significant retirement savings and to have a tremendous, positive impact on the culture of the company. Continue reading
ESCA member, McCarthy Holdings, Inc., reached an exciting milestone by celebrating its 10th anniversary as 100 percent employee-ownership on April 12, 2012. McCarthy is also one of America’s oldest and largest privately-held construction companies, founded back in 1864.