Ohio Employee Ownership Center

The Ohio Employee Ownership Center is a non-profit organization that provides research and technical assistance to those interested in employee-ownership, as well as ownership training to established employee-owned businesses.

Address:

Kent State University

133 McGilvrey Hall

Kent, OH 44242

United States

URL:

www.oeockent.org

Sector:

Employee Stock Ownership Plans (ESOPs)

Phone Number:

330-672-3028

Fax Number:

330-672-4063

Email Address:

oeoc@kent.edu

coordinates:

POINT (-81.348637 41.1507196)

A Project Of

View our reports and publications...

Recent related publications...

*NEW* Alex Brill, "Macroeconomic Impact of S ESOPs on the U.S. Economy," Washington DC: Matrix Global Advisors, April 17, 2013.

In this recent report, Alex Brill of Matrix Global Advisors quantifies the macroeconomic impact of S-corporation Employee Stock Ownership Plan (ESOP) companies in 2010. Using publicly available data from the Department of Labor, the report finds that S-corporation ESOP companies account for 1.4 million jobs, $77 billion in labor income, $246 billion in output and $27 billion in tax revenue nationwide. The author argues additionally that the structure of these ESOPs leads to greater firm longevity as well as higher wages, greater job stability, and increased retirement plan contributions. Furthermore, the report shows that S-corporation ESOP companies are more resilient in an economic downturn, resulting in positive impacts for workers, customers, neighborhoods, and local economies.

Larry Oakes, "A Thankful Bemidji Grocer Shares his Success with his Employees," Minneapolis Star Tribune, Minneapolis, MN: November 23, 2012.

Corey Rosen, "The Impact of Employee Ownership and ESOPs on Layoffs and the Costs of Unemployment to the Federal Government," Oakland, CA: National Center for Employee Ownership, February 5, 2013.

In a recent paper for the National Center for Employee Ownership, Corey Rosen finds that people who work for employee-owned companies are much less likely to be laid off than those who do not. Analyzing data from the 2010 General Social Survey, Rosen shows that 12.1 percent of all working adults in the private sector reported being laid off in the last year compared to just 2.6 percent of those respondents who says they own stock in their company through some kind of employee ownership plan. Rosen estimates that during that year the implied federal savings from the lower layoff rates of employee owners is $23.3 billion and that the implied savings for ESOPs and stock bonus plans alone is $13.7 billion.

Alex Brill, "An Analysis of the Benefits S ESOPs Provide the U.S. Economy and Workforce," Washington, DC: Matrix Global Advisors, July 26, 2012.

Steve Dubb, "ESOP Association, 29th Annual Conference, May 2006," College Park, MD: The Democracy Collaborative at the University of Maryland, September 2006.

Douglas L. Kruse, et. al., "Does Linking Worker Pay to Firm Performance Help the Best Firms Do Even Better?," Cambridge, MA: National Bureau of Economic Research, January 2012.

Christopher Mackin, "Occupy by Analogy," The Straddler, 2012.

Steve Dubb, "Ohio Conference Makes the Case that Employee Ownership is a Better Way of Doing Business," College Park, MD: The Democracy Collaborative at the University of Maryland, April 2012.

Owners at Work, http://dept.kent.edu/oeoc/PublicationsResearch/OwnersAtWork.htm.

Published on a quarterly basis by the Ohio Employee Ownership Center, Owners at Work is a leading periodical examining issues facing employee ownership both in Ohio and throughout the United States.

National Center for Employee Ownership (NCEO), Electronic Reference Desk, http://www.nceo.org/main/articles.php.

In the articles and research section of its website, NCEO maintains a wide range of resource materials on employee ownership, employee stock ownership plans, and broadly-granted stock options.

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Ohio Employee Ownership Center

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