New HampshirePolicy

Hassan joins effort to expand employee ownership

From the New Hampshire Business Review:

U.S. Sen. Maggie Hassan has joined with three other Northeast senators in introducing legislation aimed at encouraging and expanding the number of employee-owned companies. Hassan, along with Senators Bernie Sanders, I-Vt., Patrick Leahy, D-Vt. and Kirsten Gillibrand, D-N.Y., in introducing both the WORK Act and the U.S. Employee Ownership Bank Act. The WORK Act would provide more than $45 million in funding to states to establish and expand employee ownership centers, which would provide training and technical support for programs promoting employee ownership. (The WORK is also being introduced by Sen. Sherrod Brown, D-Ohio.) The U.S. Employee Ownership Bank Act would create a U.S. Employee Ownership Bank to provide $500 million in low-interest rate loans and other financial assistance to help workers purchase businesses through an employee stock ownership plan or a worker-owned cooperative.

Read the full article here:

https://www.nhbr.com/May-26-2017/Hassan-joins-effort-to-expand-employee-ownership/