The Main Street Employee Ownership Act

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Policy To Turn Stakeholders Into Shareholders

In all the urgency of the pandemic and the economy’s re-opening, it is easy to ignore what other policies are going into place. But the fact is that much else is happening.  As part of those non-pandemic measures, this White House seems determined to broaden corporate ownership throughout the middle class.

A first sign of this effort

A wealth-building tool often more coveted than a 401(k) plan by employees

  • There are nearly 7,000 employee stock-ownership plans in the U.S., holding assets of $1.7 trillion, according to the National Center for Employee Ownership.
  • More small to mid-size companies and some start-ups are looking at ESOPs as yet another attractive benefit they can offer job candidates in industries with high turnover rates.
  • The Main Street