In a bold and visionary move, Text-Em-All, an 18-year old SaaS company with 42 employees, proudly announces it is now a 100% employee-owned company. Championed through an innovative perpetual trust model in collaboration with Common Trust, this transformation heralds a new era in employee ownership and succession planning and will aid the business in its goal of being a 100-year company.
Read MoreNewAge Industries is celebrating its tenth year as an employee-owned company in 2016. Its ESOP-Employee Stock Ownership Plan-was established as a way to reward team members in retirement and as a succession plan for the corporation. The company's share price has seen a six-fold increase since the ESOP's inception in 2006. Employees view the plan as increased incentive to always keep the customer top of mind, to perform their jobs exceptionally well, and as a path to retirement.
Read MoreCongressman Mike Fitzpatrick met with NewAge Industries' employee-owners to discuss their ownership roles, how their customers benefit, and why ESOPs can be option for other small business owners wishing to help retain American jobs.
Read MoreNewAge's CEO and majority shareholder, Ken Baker, has sold an additional ten percent of company stock to its employees through the company's Employee Stock Ownership Plan (ESOP). The plan helps employees save for retirement.
Read MoreEmployee ownership works well for plastic tubing manufacturer NewAge Industries. The company adopted its ESOP in 2006 and has continued growing since then. NewAge currently has four employment opportunities, three of which are due to expansion.
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