Employee-Owned S Corporations of America (ESCA)

ESCA is so grateful to those who spoke to our employee-owners this year. From the House Ways and Means Committee, both Chairman Jason Smith (R-MO) and Ranking Member Richard Neal (D-MA) helped us look ahead at our annual Leadership Summit in Florida. So did Sen. Tim Kaine (D-VA), and New York Times journalist Frank Bruni. Later, we heard from leading national political economist Alex Brill at our Southwestern Regional Policy Seminar in Dallas. At our annual D.C. Federal Policy Conference and Lobby Day, ESCA member companies heard from Congressman Earl Blumenauer (D-OR), Former Congressman Ron Kind (D-WI), Senator Mike Crapo (R-ID), Senator John Thune (R-SD), House Minority Leader Hakeem Jeffries (D-NY), and former four-star United States Naval Officer Admiral James Stavridis. In September, former Chief Strategist and Senior Advisor to President Barack Obama David Axelrod delivered remarks at our Midwestern Regional Policy Seminar in Chicago. Congresswoman Linda Sanchez (D-CA) spoke at our Pacific Regional Policy Seminar in October, helping us close out a successful year.

As we close out the year, we want to thank our member companies for advocating for the S ESOP structure. During ESCA’s annual Lobby Day, our member companies met with 48 Senate offices and 100 House offices – covering 43 states. With more than 140 meetings between employee-owners and lawmakers on Capitol Hill, ESCA member companies worked hard this past year to make their voices heard. #employeeownership #advocacy #SESOP

From Florida to Washington, ESCA member companies hosted 47 district visits with Members of Congress and their staff in 2024. Employee-owners nationwide successfully shared their personal stories of employee ownership and advocated for the S ESOP structure to their lawmakers. In the photos below check out Senator Tammy Baldwin (D-WI with Holden Industries, Inc., Congressman Burgess Owens (R-UT-4) with Jacobsen Construction, Congressman Joe Morelle (D-NY-25) with Lewis Services | 100% Employee-Owned, Congressman Dusty Johnson (R-SD-AL) with AVI Systems, and Congressman Steven Horsford (D-NV-4) with 20/20 Plumbing & Heating, Inc.. ESCA looks forward to hosting more district visits in the new year! #employeeownership #SESOP

With lots of changes in the upcoming year, one thing that shouldn’t change is support for employee ownership from both sides of the aisle. ESCA has made strides to build bipartisan consensus on the benefits of the S ESOP structure. ESCA is ready to educate new Members of Congress on the benefits of employee ownership and remain your eyes and ears in Washington D.C. #employeeownership #SESOP

The upcoming retirement wave of Baby Boomer small business owners, known as the Silver Tsunami, will impact almost 1/5 of the nation’s labor force. With the likelihood of 65-75% of small firms going up for sale in the next decade, having a succession plan in place is critical for these companies. Becoming employee-owned serves as a beneficial solution for small businesses lacking a succession plan. Employee-owned companies have better retention rates, fare better during financial instability, generate economic activity for the community, and provide employees with greater retirement security. #employeeownership #silvertsunami #SESOP https://lnkd.in/guHX8nQe

Thank you to Keith Moore from Senator Mike Rounds's (R-SD) office for visiting ESCA member company AVI Systems this week! #employeeownership #SESOP

Did you know? S ESOPs are powering retirement security. A 2022 study by Ernst & Young demonstrates how S ESOPs have led the way over the past two decades. Between 2002 and 2019, the value of S ESOP assets increased by $82 billion, and the number of participants nearly quadrupled. #sSESOP #retirementsecurity #employeeownership https://bit.ly/EY22

Thank you to Congressman Gabe Amo for visiting ESCA member company Parksite's subsidiary, Atlantic Plywood, last week! #employeeownership #SESOP https://lnkd.in/eX4a_6fQ

Did you know that only half of American workers love their jobs? There’s a cost to the blues. ESCA Advisory Committee Member Mary Josephs shares how levels of employee engagement and productivity cost the American economy at least a half-trillion dollars each year. There’s a better way. Scores of studies show employee-owned companies boast better job stability, productivity, job satisfaction, and firm resilience. In fact, employee-owners are far less likely to seek new jobs and have more job satisfaction than their non-ESOP counterparts. #SESOP #employeeownership https://lnkd.in/ehAwSWcT

Greg Klein, CEO of ESCA Board Member company Inland Truck Parts & Service, shares why the company’s founders chose to become an S ESOP. Employee ownership has the power to transform employees’ lives and give them the retirement they deserve. #SESOP #employeeownership #retirementsecurity