WASHINGTON, D.C. – Sixty-eight percent of Americans say they support the concept of companies being owned by their employees, according to polling by Public Policy Polling and released by Employee-owned S Corporations of America (ESCA). The poll also found that nearly 60 percent of Americans would favor legislation which makes it easier for employees to own their companies.
“Employee stock ownership plans (ESOPs), and S corporation ESOPs in particular, are a proven social and economic model that provide tremendous benefits to businesses and employee owners, including higher productivity, profitability, job stability, and job growth,” said Michael Wofford, Chair of ESCA’s Policy Committee and Executive Vice President of the California-based Entertainment Partners. “It’s time our legislators expand opportunities for Americans to own a piece of their businesses and enable them to secure their financial futures.”