Senator Sherrod Brown Visits Lifetouch

May 5, 2014

Home News Senator Sherrod Brown Visits Lifetouch

Recently, ESCA Board member company Lifetouch had the honor of hosting Senator Sherrod Brown at their Galion, Ohio facility. Sen. Brown, a strong supporter of employee ownership, toured the facility with plant manager Don Lane and visited with many employee-owners. News of the visit was picked up by two local media outlets, the Mansfield Journal and WMFD.

During a question and answer session, the Senator noted: “As we continue our economic recovery, employee ownership should be considered as a way for businesses to boost productivity, sales, wages and help improve working conditions overall.”

The theme of S ESOPs ability to withstand tough economic times has been noted often. In a 2013 study by Alex Brill, a fellow at the American Enterprise Institute, found the same phenomenon noted by the Senator. Brill’s report showed “that employee-owned companies that have employee stock ownership plans have demonstrated higher productivity and increased economic resilience despite economic fluctuations.”

As a member of the tax-writing Senate Finance Committee, Senator Brown has been an important advocate for S corporation ESOPs.

ESCA thanks both Senator Brown and Lifetouch for supporting the American dream at work!

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