Anderson Windows
Andersen, Marvin to distribute more than $48 million in profit sharing By Dee DePass with Star Tribune. In a December article, Start Tribune applauds Minnesota’s two major window manufacturers for rolling out nearly $50 million in profit-sharing for their employees. Andersen Corp., based in Bayport, will soon issue $33 million in profit-sharing to employees and…
Education Driven – Long Haul Trucking
As an employee owned company, part of Long Haul’s mission is to ensure that not only is there focus on organic, healthy growth for the company, but for all individuals that one day hope to be members of their industry. St. Cloud Technical Community College (SCTCC) is a great place where many students begin their…
WCCO Radio Features MNCEO’s, Sue Crockett, on Employee Ownership
On November 2nd, Sue Crockett had the opportunity to represent MNCEO and share her expertise on employee ownership with Cory Hepola and WCCO Radio 830’s audience. We highly recommend setting aside 10 minutes to give this recording a listen. Such a great experience. Thanks Cory! Listen HERE
Reell Manufacturing: A Successful Employee-Owned Niche Manufacturer With A Proven Plan
Founded in 1970, Reel Precision was simply a small manufacturer of hinges and electric clutches. Their primary goal was to manufacture top of the line products while cultivating a rewarding, productive workplace environment. Today, this employee-owned company is truly the realization of the founders’ hopes and hard work. In fact, Reell’s employee-satisfaction survey score is…
Chat with Roger Ryberg, selling owner of Windings, Inc. – New Ulm, MN
In an interview with Sue Crockett, executive director of MNCEO, Roger shares his journey with employee ownership and what it means him.
As a Business Owner: What will be your legacy?
Join our webinar on YouTube to hear from a panel of companies and experts on worker cooperatives and ESOPs as an option for transitioning your business. https://www.youtube.com/watch?v=6nQYFTcrRGw
CARES Act & Charitable Giving Incentives
The CARES Act and Charitable Giving Incentives The Coronavirus Aid-Relief and Economic Security Act (“CARES”) enacted on March 27, 2020 contained significant provisions related to charitable deductions, providing many individual and corporate donors with greater flexibility in making gifts to non-profit organizations. New Deduction for Qualified Charitable Donations Individuals who do not itemize their deductions…
ESOP Contributions and PPP Loan Forgiveness
Many of you may have received Paycheck Protection Program (PPP) Loans. Once the loan has been received the next step is spending the proceeds on eligible expenses in the proper timeframe to achieve forgiveness of the loan. In order to maximize the forgiveness, consider making a contribution to your ESOP plan during your window for…
The Power of an ESOP To Grow and Sustain a Business
Like most businesses, the Coronavirus has greatly affected the day to day operations of Minneapolis headquartered H2I Group. However, the 100% employee-owned company has not been YET significantly affected from an employee engagement and productivity standpoint. Like most companies, there are still potential challenges in the coming months as to sales, revenue and profitability. But the question of the day is – does their employee ownership model make their success in these times possible?
The Minnesota Center for Employee Ownership Launches
New Resource to Help Baby Boomer-owned Businesses With Succession Planning