ESOP and Worker Owned Cooperatives Resources

Diversified Plastics, Inc. Receives 2019 Excellence in Employee Relations Award

MINNEAPOLIS—Diversified Plastics, Inc. (DPI), a custom plastic-injection molder and digital manufacturer of high-precision thermoplastic components, was named winner of the 2019 Plastics News Excellence in Employee Relations Award.

Web Article, Success StoryAlex VandeHeiMay 27, 2020Succession Planning, ESOP, Manufacturing

2018 Business of Manufacturing: Malco Products, SBC

As an ESOP, Malco employees have a vested interest in the company’s successes, and they can learn how their department’s performance affects the bottom line.

Web ArticleAlex VandeHeiMay 15, 2020ESOP, Succession Planning

Twin Cities Die Castings Diversified into Medical Parts

One hundred-year-old Twin City Die Castings began 2020 with a teeming order book that continued into the final week of March, even after the coronavirus pandemic began shredding the U.S. economy.

Web Article, Success StoryAlex VandeHeiMay 5, 2020Succession Planning, Manufacturing, ESOP

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.

ArticleAlex VandeHeiApril 6, 2020ESOP, Succession Planning, Taxation

Loftness Becomes 100-Percent Employee Owned

HECTOR, Minn. — As of January 1, 2020, Loftness Specialized Equipment, Inc. has joined an employee stock ownership plan (ESOP). Through this change, the Minnesota-based manufacturer of agricultural and vegetation management equipment is now 100-percent employee-owned.

Web Article, Success StoryAlex VandeHeiMarch 16, 2020ESOP, Succession Planning

CARES Act & 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.

DocumentAlex VandeHeiMarch 11, 2020Legislation, Taxation, Employee Ownership Trust, Worker Cooperative

The Minnesota Center for Employee Ownership Launches

As an entire generation of Baby Boomer business owners look towards retirement, a valuable new organization has launched; the Minnesota Center for Employee Ownership (MNCEO).

ArticleAlex VandeHeiFebruary 18, 2020ESOP, Succession Planning, Employee Ownership Trust, Worker Cooperative

Minnesota Employee Ownership Legislation Introduced in the Senate

On March 9, 2020, a bill designed to stimulate the creation of employee-owned businesses and ultimately preserve jobs in Minnesota was introduced in the Minnesota Senate and referred to the Senate Taxes Committee.

ArticleAlex VandeHeiJanuary 14, 2020Legislation, ESOP, Worker Cooperative, Finance, Taxation

An ESOP can create many winners

For many business owners, a succession plan is about more than creating an exit strategy or profiting from the sale of the company. It’s about preserving a legacy in a way that benefits the company and its employees as well as the business owner(s).

Web ArticleAlex VandeHeiJanuary 14, 2020ESOP, Exit Strategy