Congressman Erik Paulsen Visits Employee-Owned Inland Truck Parts in Kansas City

November 1, 2012

Home News Congressman Erik Paulsen Visits Employee-Owned Inland Truck Parts in Kansas City

Inland Truck Parts Company’s Kansas City location opened its doors to House Ways & Means Committee Member and S ESOP supporter, Congressman Erik Paulsen (R-MN) last week. Inland, an employee owned company, has been providing quality truck parts and service since 1944. Inland’s CFO and ESCA Board Chair Greg Klein and store manager Jim Adams escorted Congressman Paulsen around the main store, the component rebuilding shop and the service shop to give him a feel for the daily workings of an employee-owned company. Inland’s employee-owners greeted Congressman Paulsen with thanks and enthusiasm for his efforts in supporting employee-owned businesses.


The Congressman joined with 5 of his colleagues from the House Ways and Means Committee to introduce H.R. 1244, The Promotion & Expansion of Private Employee Ownership Act. He is a proponent of the benefits that S ESOPs provide, from the substantial retirement savings, to the notable job stability and job creation. Congress created the S ESOP structure in 1998 to encourage and expand retirement savings, and it has done exactly that. Further, a study by the National Center for Employee Ownership found that S ESOPS are powerful savings vehicles, creating retirement account balances that are 3-5 times higher than the average 401k.


As the Congressman toured Inland, he was very interested in learning about one of the Midwest’s largest truck parts and service providers. “Congressman Paulsen asked more detailed questions about how we fix trucks than any of the Members of Congress who have previously visited Inland stores,” Mr. Klein mentioned.

Adding with a smile, “If we could have had him there for a few more hours, I’m convinced he would have been willing to roll up his sleeves and start rebuilding a transmission.” While visiting Inland, Congressman Paulsen experienced the culture of ownership that exists among employee-owned companies. Employees often refer to themselves as “part of the team” because they have both a personal and financial stake in the success of the company.

ESCA wants to thank both Inland Truck Parts for hosting the Congressman, and Rep. Paulsen for his support to promote and expand S corporation ESOPs around the country.

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