Econofoods in process of purchasing Jubilee Foods

Changes are in store for two of the Twin Towns Area’s supermarkets. Econofoods, Wahpeton, has entered into an agreement to purchase Jubilee Foods, Breckenridge, Minnesota. The purchase is expected to be complete before the end of the year, said Barry Bowar, vice president of operations for Lueken’s Food Stores Inc. and store director for Econofoods.

2017-08-21T05:36:57+00:00 Tags: , |

Mom’s kitchen table talks shaped a mission to make money while doing good

Some criticize business people for being in it for just the money. But many are in it for the money and a chance to do some good. Like Chris Wolz. Wolz, 56, and his two business partners, classmates at Harvard’s Kennedy School of Government, built their company, Forum One, into a thriving enterprise that tries

2017-05-23T08:07:20+00:00 Tags: |

ESOPs in India – Benefits, Tips, Taxation & Calculator

You must have heard stories of crorepati employees of Infosys or some other big organisation – I am talking about 10 years back when salaries were comparatively low. Most of the Indian’s still don’t understand the power of equities but those employees knowingly or unknowingly get benefitted from ESOPs. Last week I was working with one

2017-04-16T07:37:50+00:00 Tags: , |

Tax advantages of ESOPs as an exit opportunity for architecture and engineering firms

Stakeholders in mature architecture and engineering firms nearing retirement are bombarded with ideas from many advisors for the “best” exit option. Despite the owners’ desire to continue to run their firms as they always have and simply focus on their clients, they need to contemplate several key considerations of a solid and successful exit plan,

2017-03-15T11:03:36+00:00 Tags: |

Alexander Hamilton Loved Employee Ownership. So Should We.

Employee equity ownership of companies has been promoted in the U.S. since the country’s founding. After the Revolutionary War, Treasury Secretary Alexander Hamilton fostered the resurgence of the codfish industry by providing financial subsidies -- but only for ships that had written profit-sharing agreements with their crews. This program, enacted in 1792, lasted until after

2017-03-03T07:56:12+00:00 Tags: , |

EuroPharma Celebrates 10 Year Anniversary with Employee Ownership

EuroPharma is marking its 10 year anniversary and in celebration founder and president Terry Lemerond has gifted his employees by signing papers to share ownership of his company with every single one of them. He gives this gift in the hopes that this is a just reward for the dedication and hard work the employees

2017-02-20T13:55:40+00:00 Tags: , |

Harrell Remodeling Receives National Certification As A Leading Employee-Owned Company

Harrell Remodeling, Inc., a leading design and build remodeling firm headquartered in Palo Alto, CA has earned the accreditation of being named a “certified employee-owned” business by San Francisco-based Certified EO, announced Ciro Giammona, CEO of Harrell Remodeling. “Harrell Remodeling is a 100 percent employee-owned firm. To be recognized as a successful and dedicated employee-owned

2017-02-20T13:36:32+00:00 Tags: , |

Tanimura & Antle Launches Employee Stock Ownership Plan

As we move through a constantly changing industry landscape, Tanimura & Antle has announced an evolution in the company's ownership with the launch of an Employee Stock Ownership Plan (ESOP). Under this new plan, employees have the ability to become partial owners of the company. “Our employees are not only our single greatest asset, they’re

2017-02-16T07:46:21+00:00 Tags: , |

Employee ownership may help businesses stay open as Boomers retire

Working at a pizza shop isn’t usually a career move. But for several workers at a San Jose pizzeria, what started as a temporary gig, a first-time job or a side-hustle might soon turn into one of the biggest investments of their lives. A Slice of New York, an authentic New York-style pizzeria with two

2017-03-07T05:04:48+00:00 Tags: , |

Former Piggly Wiggly employees told stock values plummet to near zero

The employee-owned parent of Piggly Wiggly Carolina is now essentially worthless, and former workers will not receive stock payouts this year, according to a letter from the head of the once-prominent supermarket chain. "The company has no positive value," said David R. Schools, president of Mount Pleasant-based Greenbax Enterprises, in a recent mailing to participants in

2017-02-08T14:24:55+00:00 Tags: |

For these workers in Greensboro, they don’t have to fight The Man — they are The Man

Thousands of workers across North Carolina are finding that out as they learn to think like owners as a growing number of companies share profits and stock with them. Your company not with the program? Don’t worry. There’s room for more, according to a new report by the Budget and Tax Center, a progressive agency

2017-02-06T06:13:23+00:00

Why Dansko’s Mandy Cabot Turned Down A $100m Offer From Timberland And Sold To Her Employees Instead

From selling shoes out of the trunk of their car, Cabot and her husband grew Dansko into a business with more than $120 million in annual revenue and a full product line. In 2005 they were set to sell the company to Timberland for more than $100 million but pulled out at the last minute, instead

2017-02-23T09:32:10+00:00 Tags: , |

With employee ownership, firm takes road less traveled

Year in and year out, a parade of central Indiana companies sells to out-of-state buyers. Such deals aren’t necessarily bad. In fact, the wealth they help create often serves as fuel to launch and expand upstart firms that might become our major employers of tomorrow. Yet it’s also great to see a local company follow

2017-02-23T09:33:40+00:00 Tags: , |

How to decide if an Employee Stock Ownership Plan is right for your firm — and 5 steps to create one

ESOPs can offer employees significant retirement benefits and boost productivity, but companies should avoid these potential pitfalls when establishing the program. In the simplest terms, when a company implements a typical ESOP, the existing stockholders sell all or a portion of their shares to the program for allocation to employees. Shares are assigned based on the

Renkim Announces New Board and Expansion of Employee-Owned Corporate Structure ACA International

Renkim Corporation has made substantial changes to the organization including new management, new board appointees and a significant expansion of the employee-owned corporate structure. Renkim, an ACA International member company in Southgate, Mich., is now 100 percent employee-owned though an employee stock ownership plan (ESOP), according to a news release. “Restructuring to 100 percent ESOP

2017-02-23T09:37:50+00:00 Tags: , |

What Happens When The Consultants Own The Business

Hiring a consultant: It’s a decision that many growing businesses make at some point in their history. Whether it’s to tackle thorny challenges or to develop plans to chase new opportunities, getting the advice from a trusted advisor can be a godsend for a fast-growth company. But what happens when the consultants get the chance

2017-02-23T09:40:44+00:00 Tags: |

Shared Values, Shared Success

There has arguably never been a more important political moment for Americans – from policymakers to constituents – to rally behind commonsense, bipartisan solutions that advance American workers and the American economy. And while most were hard-pressed to find such a policy this past election cycle, we at Entertainment Partners (EP) know there’s one sound

2017-02-23T09:41:39+00:00 Tags: , |

Phacil Now Employee-Owned Company

Effective Dec. 28, 2016, Phacil is an employee-owned company, and a new benefit program called the Phacil Employee Stock Ownership Plan will become available to employees. “Becoming an employee-owned company will not change Phacil’s day-to-day operations or management,” Phacil Executive Vice President and Chief Financial Officer Mehdi Cherqaoui said. “The executive and senior management team will

2017-02-23T09:42:23+00:00 Tags: , |

71-year-old Littleton Coin Co. sold to its employees

When his children didn’t want to continue running the 71-year-old business begun by his parents, David Sundman did the next best thing to keep the Littleton Coin Co. in the family — he sold it to its 315 employees. With annual sales in the range of $50 million, Littleton Coin is one of America’s largest

2017-02-23T09:43:26+00:00 Tags: , |