As you know, the IEDA and PDI have worked together over the past couple of years to advance legislation to make it easier in Iowa for businesses to convert themselves to Employee Stock Ownership Plans (ESOPs). The goal of this has been to give Iowa business owners who plan to retire in the near future some options other than just selling the business they built to an out-of-town or out-of-state corporation that may close it down or move it somewhere else. The National Center for Employee Ownership (NCEO) has put together some information about ESOPs and asked IEDA to ensure that PDI’s members have a chance to look it over. There are phone numbers and email addresses for NCEO in the handout in case you need further information.
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