EP32 - Interview with NCEO's Corey Rosen: The Future of Employee Ownership
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Washington is sending new signals about employee ownership, but the headlines don’t help much if you’re a business owner trying to decide whether an Employee Stock Ownership Plan (ESOP) is actually doable. In this episode, Jason Miller and Makenzie Ragland welcome back Corey Rosen from the National Center for Employee Ownership (NCEO) to discuss the latest developments shaping the future of employee ownership. Corey breaks down key legislative efforts, including the Retire Through Ownership Act, the American Ownership Resilience Act, and efforts to fund the WORK Act. He also explains how the regulatory environment surrounding ESOPs continues to evolve and addresses common perceptions surrounding ESOP litigation risk and transaction costs. Other topics include the impact employee ownership can have on recruitment, retention, workplace culture, and long-term business continuity. Corey shares recent NCEO research on employee retention, explains why ownership and a strong culture work best together, and offers practical guidance for owners beginning ESOP Planning. From educating yourself on the available options to learning from existing ESOP companies, this episode provides a timely look at the Benefits of an ESOP, the Advantages of an ESOP, and what employee ownership could mean for business owners considering their next chapter. For owners seeking ESOP Advisory or professional ESOP Advisory Services, this conversation offers valuable insight into the process.